Vodafone Idea to declare first ever results on November 14

Vodafone Idea , the newest and largest telecom operator will announce its first quarterly results since inception on November 14.

The telco is likely to report a sizeable loss in the fiscal second quarter ended September 30, paced by low subscriber additions and rising 4G network expansion costs, according to analysts .

For Vodafone Idea, brokerages IIFL Institutional Equities and ICICI Securities estimated a net loss in the vicinity of ₹2,600 crore, although Credit Suisse pegged it lower at Rs1050.5 crore. Revenue is estimated to be in the Rs7,813-8,106 crore range for the September quarter.


The telco is also expected to shell out large amounts as penalty charges in the tune of Rs 3000-35000 crore for exiting tower contacts which will add to financial stress .