NEW DELHI: Debt wracked Vodafone Idea announced on Thursday that the consolidated net loss for the March quarter narrowed to Rs.6,419 crore. The company posted a loss of Rs. 6,563 crore in the same period last year. Service revenue increased about 3% to Rs. 10,506 crore in the quarter from Rs. 10,229 crore in the March quarter of 2022, the company said.
However, water of ideas reported a widening loss to Rs.29,298 crore for FY23. The company posted a consolidated loss of Rs.28,234 crore in FY22. It posted its first annual post-merger revenue growth in services. Turnover increased by 9% to Rs 42,134 crore per year from Rs 38,489 crore Year before. The Company’s capital expenditures for the quarter were Rs.560 crore bringing the total for FY23 to Rs.3,360 crore.
However, water of ideas reported a widening loss to Rs.29,298 crore for FY23. The company posted a consolidated loss of Rs.28,234 crore in FY22. It posted its first annual post-merger revenue growth in services. Turnover increased by 9% to Rs 42,134 crore per year from Rs 38,489 crore Year before. The Company’s capital expenditures for the quarter were Rs.560 crore bringing the total for FY23 to Rs.3,360 crore.
