Vodafone Idea Posts ₹51,970 Crore Profit; AGR Write-Back Drives Jump as Birla Group Adds Cash
Vodafone Idea reported a March-quarter profit of ₹51,970 crore, thanks mostly to a one-off accounting gain. The company also signed off on a ₹4,730 crore warrant issue to an Aditya Birla Group unit. The moves gave the struggling telecom operator an unusual profit headline. Timing is a factor here. Announcements landed Saturday, with Vi shares last at ₹12.95, slipping 0.16% on Friday. That puts Monday’s session as the first shot at seeing if investors see the numbers as a sign of a turnaround or just balance-sheet cleanup.