Vodafone Idea shares up over 6% as losses narrow in Q2

Vodafone Idea shares up over 6% as losses narrow in Q2

Vodafone Idea share price added over 6 percent intraday on October 30, a day after the company reported its results for the quarter ended September 2020.

The debt-ridden telecom firm reported a narrowing of its consolidated loss to Rs 7,218.2 crore for the quarter ended September 2020.

Vodafone Idea had posted a loss of Rs 50,897.9 crore in the same quarter of the previous fiscal on account of making provisions for statutory due payments.

Total income declined by about 3 percent to Rs 10,830.5 crore during the reported quarter, from Rs 11,146.4 crore in the corresponding period of 2019-20.