Business »  Topic »  Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 crore in FY20

Vodafone Idea posts highest-ever loss by an Indian firm at Rs 73,878 crore in FY20


The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has "cast significant doubt on the company's ability to continue as a going concern".

Vodafone Idea, the country's third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues.

The firm, which has to pay Rs 51,400 crore dues after the apex ...


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