One of the vital factor participant throughout the telecom race, Vodafone Idea (Vi) on Wednesday launched its fiancial effectivity report for the quarter ending September 30, 2024. The agency launched the Q2FY25 incomes through a regulatory submitting.
The telecom giant, in secong quarter of the fiscal yr 2025, made progress in narrowing its losses compared with the similar interval closing yr.
Financial Performance
In the September quarter of FY25, Vodafone Idea managed to chop again its internet loss to Rs 7,176 crore, an enchancment from the Rs 8,738 crore loss recorded within the similar interval closing yr.
Consolidated Financial Overview
The agency reported an entire income of Rs 11,232.2 crore, up from Rs 10,750.8 crore throughout the year-ago interval, marking a 4.6 per cent growth. Coming to the whole payments which is a key part of the financial sheet, the telecom fundamental posted an entire payments of Rs 18,400 crore, compared with Rs 18,669.8 crore closing yr.
Image used for representational goal solely |
The consolidated internet loss after tax was Rs 7,176 crore, a reduction from Rs 8,738 crore year-over-year (YoY).
Standalone Financial Snapshot
On a standalone basis, which supplies a focused view on core operations:
The full Income of the company elevated marginally to Rs 11,453 crore from Rs 10,671 crore YoY. Furthermore, the whole payments lowered to Rs 18,354 crore, a decrease from Rs 18,577 crore throughout the prior yr.
The internet lack of the telecom operator narrowed to Rs 7,095 crore, compared with Rs 8,727 crore within the similar quarter closing yr.
Shares and Market Reaction
Vodafone Idea’s shares ended the day on on Rs 7.39 apiece, a drop of three.65 per cent.
&w=218&resize=218,150&ssl=1 "Earthquake of seven.1 dimension hits Nepal, tremblings actually felt in Delhi- NCR, Bihar, West Bengal, Assam- Economy Junction")
