SME Times is powered by   
Search News
Just in:   • Exports fall by over 9 pc YoY in Nov  • Bharti Airtel arm picks up 4.9% stake more in Bharti Infratel  • Engineering exporters seek easier GST refund rules at BoT meet  • Centre to incubate electronics startups opened in K'taka  • Samsung tops global smartphone production in Q3: Report 
Last updated: 30 Oct, 2020  

Vodafone9.Thmb.jpg Vodafone Idea's Q2 net loss narrows to Rs 7,218 cr

Vodafone9.jpg
   Top Stories
» Exports fall by over 9 pc YoY in Nov
» Engineering exporters seek easier GST refund rules at BoT meet
» RBI commences MPC meet on Wednesday
» 'Corporate India gradually reverting to normalcy'
» Manufacturing sector loses growth momentum in November
SME Times News Bureau | 30 Oct, 2020
Vodafone Idea has narrowed its consolidated net loss for the quarter ending September to Rs 7,218.2 crore.

During the corresponding period of the last fiscal, the company had reported a consolidated net loss of Rs 50,921.9 crore.

The company's revenue from operations during the period under review was at Rs 10,786.1 crore, against Rs 10,838.9 crore during the July-September quarter of FY20.

Noting that the impact of outbreak of coronavirus pandemic and the subsequent slowdown of economic activities continued during Q2FY21, the company, in a statement, said that the company, however, witnessed some recovery with partial easing of lockdown at state levels, and gradual resumption of economic activities.

Vodafone India Ltd MD and CEO Ravinder Takkar said: "While we continue to face Covid-19 induced challenges, Q2FY21 showed signs of recovery with a gradual improvement in economic activities."

"We are executing on our strategy and our cost optimisation exercise has already started to yield incremental savings. We have also initiated a fund raising exercise to support our strategic intent. Further, we continue to interact with the government seeking long term solutions to the critical challenges, which the industry faces," he said.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 03 Dec, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(1)
» MSME registration(1)
» MSME schemes - Do you know all of them?(1)
» Biodiesel is the fuel of future: Santosh Verma(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter