Vodafone Idea reports ₹4,882-cr Q4 loss

Vodafone Idea Ltd (VIL), India’s largest mobile operator by subscribers, posted a consolidated net loss of ₹4,881.9 crore in fourth quarter ended March 31, paring losses from ₹5,004.6 crore recorded in the sequential third quarter ended December 31.

However, compared with the previous year-ago quarter, the net loss widened from ₹962.2 crore.

Vodafone India and Idea Cellular had effected their merger as of August 31, 2018 to form VIL, and hence the previous year’s figures are strictly comparable.

During the quarter under review, the company’s revenue from operations rose marginally to ₹11,775 crore from ₹11,764.8 crore posted in Q3.