Sunday, May 19, 2024
HomeTrendsVI shares tumble over 5 pc after Q3 loss widens

VI shares tumble over 5 pc after Q3 loss widens

VI shares tumble over 5 pc after Q3 loss widens

Shares of VI tumbled over 5 per cent in early trade on Monday after the company reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021.

VI shares tumble over 5 pc after Q3 loss widens

The telecom operator’s stock tanked 5.46 per cent to Rs 11.25 on the BSE. At the NSE, it tumbled 5.06 per cent to Rs 11.25.

The earnings were announced post market hours on Friday. The company had posted a loss of Rs 4,532.1 crore in the same period a year ago.

Stock Market Update: Market Opens With Gains, Sensex 59,111, Nifty at 17,589

Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore, from Rs 10,894.1 crore in the year-ago period.

Its subscriber base declined to 24.72 crore, from 26.98 crore in the same quarter a year ago, because of tariff hikes by the company.

Vodafone Idea share price target in 2021, 2022, 2025, and 2030 | Price  Prediction - SHARE TARGET PRICE

Article Proofread & Published by Gauri Malhotra.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

- Advertisment -

Most Popular

Recent Comments