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Vodafone Idea rings in loss of Rs 50,921 crore

NEW DELHI:Hit hard by the unpaid statutory dues, telecom operator Vodafone Idea on Thursday posted a colossal Rs 50,921-crore loss for the second quarter ended September 30, and said it is in the process of filing a review petition on the adjusted gross revenue matter.

New Delhi, November 14

Hit hard by the unpaid statutory dues, telecom operator Vodafone Idea on Thursday posted a colossal Rs 50,921-crore loss for the second quarter ended September 30, and said it is in the process of filing a review petition on the adjusted gross revenue matter.

This is the highest ever quarterly loss posted by any Indian company in recent memory.

Its total loss stood at Rs 50,921 crore in September quarter, against Rs 4,874 crore loss in the year-ago period. Its revenue rose 42% to Rs 11,146.4 crore during the second quarter this year. — PTI

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