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Vodafone Idea loss at Rs 4,881.9 crore in Q4

twitter-logo PTI        Last Updated: May 13, 2019  | 19:23 IST

New Delhi, May 13 (PTI) India's largest telecom operator Vodafone Idea Ltd Monday posted consolidated loss of Rs 4,881.9 crore for the fourth quarter ended March 31, amid a brutal tariff war in India's mobile market. Seen sequentially, the loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19. The books of Vodafone Idea recorded a comprehensive loss of Rs 962.2 crore in the corresponding quarter a year ago, but the year-on-year figure is not comparable as the merger between India unit of Vodafone Group and Idea Cellular was completed on August 31, 2018. For Vodafone Idea -- whose financials has been battered by intense price competition posed by the richest Indian Mukesh Ambani's Reliance Jio -- the revenue from operations for March quarter of 2018-19 came in at Rs 11,775 crore, almost flat compared to Rs 11,764.8 crore logged in the previous December quarter. PTI SR MBI BAL

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