New Delhi, May 18 -- A Rs.51,970-crore surprise profit by Vodafone Idea in the January-March quarter of fiscal 2025-26 (FY26) failed to prop up the company's stock on Monday, 18 May, which lost almost 4% in intraday deals.

Vodafone Idea share price opened at Rs.12.81 today as against the last closing price of Rs.12.96 and dropped to an intraday low of Rs.12.45 soon thereafter, shedding 3.93%. The company had posted its Q4 results on Saturday.

Along with the profit, the company also announced fundraising plans, involving equity infusion by promoter Aditya Birla Group.

Beleaguered telecom operator Vodafone Idea posted a consolidated net profit of Rs.51,970 crore, the first in about six years, mainly due to relief in statutory liabilities...