India News Get -BusinessVodafone Idea Q2FY25 Results: Vodafone Idea’s loss narrows to Rs 7,176 Cr, revenue up 2%
Debt-ridden telecom company Vodafone-Idea (VI) suffered a consolidated loss of Rs 7,176 crore in the second quarter of FY25. The company had suffered a loss of Rs 8,746 crore in the same quarter ago is one year old. VI losses decreased by 18% year-on-year.
Vodafone-Idea’s consolidated operating revenue grew 2.01 per cent year-on-year to Rs 10,932 crore in the July-September quarter. The company’s revenue in the same quarter a year ago was Rs 10,716 crore. The amount received from the sale of goods and services is called income.
Vodafone-Idea shares have fallen 47.03% this year
VI shares closed at Rs 7.39 today (Wednesday, November 13) after falling 3.65 per cent. The company’s stock fell 18.70% in one month, 41.35% in 6 months and 47.03% in one year. The market capitalization of the company is Rs 51.37 lakh crore.
What is autonomous and consolidated?
Company results come in two parts – standalone and consolidated. Standalone displays the financial performance of a single unit. Whereas, in the consolidated financial report, the entire company is presented.