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Vodafone Idea third quarter net loss narrows to Rs 4,532 crore

Vodafone Strategy narrowed its net loss to Rs four,532 crore in the 3rd quarter of FY2021 on the back again of gains from the sale of its stake in Indus Towers. In the identical quarter previous calendar year, the organization had posted a net loss of Rs six,438 crore.

Gross revenue declined one.seven per cent on a calendar year on calendar year foundation to Rs ten,894 crore in the claimed quarter as the organization carries on to reduce subscribers.

All through the 3rd quarter, Vodafone Strategy undertook limited tariff hike in a several of its spouse and children pack programs in pick circles like Uttar Pradesh but that did not translate into revenue advancement. Sequentially, the company’s revenue grew by .9 per cent.

Earnings in advance of curiosity tax depreciation and amortization (EBIDTA), even so, improved twenty five.three per cent on a calendar year on calendar year foundation to Rs

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