Liability increased the difficulties of Vodafone-Idea, Know what happened suddenly
Liability increased the difficulties of Vodafone-Idea, Know what happened suddenly
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At present, the Supreme Court had given a shock to Vodafone Idea and Airtel. The court had said that these companies would have to pay adjusted gross revenue (AGR) after which the telecom companies suffered a major setback. But now Vodafone Idea's AGR liability of Rs 44,200 crore may increase further, due to which the company will have to make additional provisioning. With this, the pressure on the balance sheet of Vodafone Idea can also increase.

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Dispute was going on for a long time - for the information, let us know that there was a long-running dispute between the Department of Telecommunications and the telecom companies regarding this issue. Market analysts have said this based on the method used to calculate such liability of the telecom department. If Vodafone Idea's AGR increases further, the company's difficulties may increase further.

The company gave an estimate of liability of Rs 44,200 crore - According to Economic Times news, ICICI Securities has reported that Vodafone Idea had given an estimate of Rs 44,200 crore related to AGR. This includes interest and penalties in the analyst call. This estimate of Vodafone Idea was based on differential rates of 18% and 12.5%.

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There may be an increase in liability - this AGR related liability may increase. The brokerage firm said that the company has estimated the AGR principal amount to be Rs 11,100 crore based on the notice received from the telecom department. Apart from this, the company has estimated itself for the last 2-3 years. According to brokerage firm Credit Suisse, Vodafone Idea's AGR related liability is expected to be Rs 54,200 crore. In such a situation, the telecom company may have to incur additional provisioning of Rs 10,100 crore for AGR. The Supreme Court has ordered the company to pay this amount within three months.

The company lost Rs 50,921 crore - Vodafone Idea lost Rs 50,921 crore in the second quarter. Earlier, the company had a loss of Rs 4,947 crore in the second quarter of last year. This is the largest ever quarterly loss in the corporate history of India.

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