INSUBCONTINENT EXCLUSIVE:
Vodafone Idea's network expenses and IT outsourcing costs rose 13.46% to Rs
Stock Exchange (BSE), marking their lowest stock price recorded since 2007
256.5 crore in the corresponding period a year ago.On the National Stock Exchange (NSE), the stock plunged to an intraday low of Rs 6.55
during the session, down 29.18 per cent from its previous close of Rs 9.25.In a regulatory filing after market hours on Friday, Vodafone
Idea said its revenue from operations jumped 91 per cent to Rs
11,269.9 crore in the quarter ended June, 2019, from Rs
5,889.2 crore in the year-ago period.Its earnings were affected due to higher network expenses and IT outsourcing costs.(All prices
presented in chart are on closing basis
At 12:42 pm, Vodafone Idea shares traded 27.46 per cent lower at Rs 6.71 on the BSE)Vodafone Idea's network expenses and IT outsourcing
costs rose 13.46 per cent to Rs
2,998.6 crore in the three-month period, the company's balance sheet showed.Vodafone Idea said its subscriber base declined to 320.0
million in the first quarter of the current financial year, from 334.1 million in the previous quarter
The subscriber base fell primarily "due to customer churn following the introduction of 's ervice validity vouchers' in the prior
108, up 3.85 per cent compared to Rs
104 in the previous quarter.At 12:42 pm, Vodafone Idea shares traded 27.46 per cent lower at Rs 6.71 on the BSE, underperforming the Sensex
which was down 0.77 per cent.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com
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