Vodafone idea result for first quarter of FY 2019-20

Vodafone Idea News

Here we are discussing about the financial results of Vodafone idea limited a well known telecommunication company of India.
I'm writing this article because I think this is very important for you because you might have some exposure in this company because it's share plunges 20%  till the 10:15 am of Monday 29th July .

Why Vodafone Idea Share Falling

according to a news agency Vodafone idea has second highest revenue in indian telecommunication market after reliance jio limited .
Vodafone idea limited has a revenue of approximately 11280 crore and jio has a revenue of 11680 Cr . But the revenue growth of Vodafone idea limited is less 4.3% then it's previously ended quarter revenue . It's had the revenue of 11775 Cr revenue.
Overall Vodafone idea limited has a net loss of rupee 4874 Cr which is a good performance compare to it's previous quarter where it had a loss of approximately 5006.4 crore. So due to high debt and tough competition it's share is falling rapidly.

Vodafone idea share plunges 20% in morning trade.