Shares of Vodafone Idea fell 8% on January 24 after the company reported widening its consolidated loss to ₹7,230.9 crore for the third quarter ended December 2021.
The telecom operator’s stock closed at ₹10.95, down 7.98% on the BSE. During the day, it fell 9.66% to ₹10.75.
On NSE, it closed at ₹10.95, down 7.59%.
Its market valuation declined by ₹2,729.75 crore to ₹31,465.25 crore on the BSE.
In terms of trading volume, over 587.84 lakh shares were traded on BSE and over 34.52 crore shares on NSE during the day. The earnings were announced after the market opened on Friday.
The company had posted a loss of ₹4,532.1 crore in the same period a year ago.
Consolidated revenue from operations declined 10.8% to ₹9,717.3 crore from ₹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 due to the tariff hike by the company.
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