Vodafone Idea (Vi) has narrowed its net loss to Rs 4,540.8 crore for the October-December 2020 quarter, primarily due to one-time gain of Rs 1,697 crore, which includes gains made on sale of stake in Indus Towers. The company had reported a net loss of Rs 7,203.4 crore in the preceding July-September period.
The company’s revenue stood at Rs 10,894.1 crore for the period, just about a per cent higher than Rs 10,791.2 crore in the preceding quarter. The Ebitda increased by 3.22 per cent to Rs 4,286.2 crore against Rs 4,152.4 crore in the preceding quarter. The Ebitda margin also improved to 39.3 per cent in the October-December quarter as compared to 38.5 per cent in the preceding quarter.