Vodafone Idea posts ₹51,970 cr Q4 profit on AGR relief, promoter to infuse ₹4,730 cr

Vodafone Idea, India’s third-largest telecom operator, posted a ₹51,970 crore net profit in the March quarter owing to one-time accounting gain from the government’s adjusted gross revenue (AGR) relief.

This is the first time in recent years that the telecom operator has posted a net profit and returned to the black.