The company's loss from India mobile services business more than doubled to Rs 1,377.8 crore in January-March when compared with Rs 482.2 crore loss in the same period of the previous fiscal year. This was in contrast to Africa mobile service business earning (profit before net finance costs, non-operating expenses, exceptional items and tax) improving to Rs 1,317.1 crore from Rs 1,128.8 crore in January-March 2018.
For the full 2018-19 financial year, net profit more than halved to Rs 409.5 crore while its revenue lowered by 2.2 per cent lower at Rs 80,780.2 crore in the previous fiscal.
At 10:40 AM, the stock had slipped into the red, and was trading 2.45 points, or 0.73 per cent, lower at Rs 331. In comparison, the S&P BSE Sensex was ruling at 38,686, a gain of 85 points, or 0.22 per cent.