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Vodafone Idea Says Delhi High Court Rs.53.09 Crore Refund Is Routine

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Sig2.35Sen-0.65Env0.00Soc0.00Gov-0.45

Vodafone Idea told stock exchanges that a Delhi High Court directive ordering the Income Tax Department to release Rs.53.09 crore to the company relates to a routine tax matter and does not meet SEBI Regulation 30 disclosure materiality. The quarter also saw revenue from operations rise 2.4% to Rs.11,689 crore, with net loss of Rs.3,754 crore, and 130.1 million 4G/5G subscribers.

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