The drop in revenues was mainly due to the new interconnect, bill and keep regime which kicked in from January. The net profit also came in below estimates despite an exceptional gain of Rs 440 crore during the quarter.
Another highlight of the February data was Vodafone Idea returning to adding subscribers. The company, which has been consistently losing customers for the past around 16 months, managed to add 652,625 subscribers in February
February 2021 proved to be a roller coaster ride for the Nifty 50 index, where the first trading day of the month saw a 5 per cent rise in the index, while the last day witnessed a correction of 4 per cent.