Voda Idea: Voda Idea Q4 loss narrows to ₹6,419 crore

NEW DELHI: Debt-ridden Vodafone Idea on Thursday said its consolidated net loss narrowed to Rs 6,419 crore in the March quarter. The company recorded a loss of Rs 6,563 crore in the year-ago period. The service revenue increased by about 3% to Rs 10,506 crore during the reported quarter from Rs 10,229 crore in the March 2022 quarter, the company said.
However, Voda Idea reported a widening of loss to Rs 29,298 crore for FY23. The company posted a consolidated loss of Rs 28,234 crore in FY22. It recorded the first-ever annual revenue growth from services post-merger. Its revenue grew 9% to Rs 42,134 crore from Rs 38,489 crore a year ago. The capex spend of the company for the quarter stood at Rs 560 crore, taking the total to Rs 3,360 crore for FY23.

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