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Vodafone Idea's quarterly revenue drops nearly 4% on seasonality, severe floods

Monday 18 November 2019 | 09:33 CET | News
Indian operator Vodafone Idea posted revenue of INR 108.4 billion for the quarter ended 31 September 2019, which represents a decline of 3.8 percent quarter-on-quarter. Revenue was negatively impacted by seasonality and by severe floods in many of the operator's major markets, the company said. EBITDA for the quarter decreased to INR 33.5 billion, down 8.3 percent quarter-on-quarter, as lower revenue was partially offset by continued cost synergy. EBITDA margin fell to 30.9 percent from 32.4 percent in quarter ended 30 June 2019.

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Categories: Mobile & Wireless
Companies: Vodafone / Vodafone Group / Vodafone Idea
Countries: India
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