Corporate News
Vodafone Idea Q4 loss likely to decrease

Vodafone Idea Ltd. (VIL) is likely to report lower losses and higher revenue sequentially for the quarter to March, the first full quarter when the ailing telecom operator will reap the benefit of the tariff hikes of up to 40% it had imposed in December 2019, said analysts. VIL’s loss after tax for the fourth quarter of 2019-20 is expected to fall to Rs 4,268 crore from Rs 5,805 crore in the previous three-month period, on likely quarterly consolidated revenue of Rs 11,494 crore, up 3.6%, according to a forecast by brokerage firm Axis Capital. Rival Bharti Airtel had posted a loss of Rs 5,237 crore for the quarter, hurt by a one-time charge, but its India business showed continued recovery. Market leader Reliance Jio Infocomm posted a profit of Rs 2,331 crore.

News Source:- https://economictimes.indiatimes.com/markets/stocks/earnings/vodafone-idea-q4-loss-likely-to-decrease/articleshow/76701731.cms