Ltd (Vi) announced its financial results for Q2 FY2024, revealing a mixed performance. The company’s net loss widened to INR 7,176 crore, up from INR 6,432 crore in the previous quarter, underscoring the challenges

India's Vodafone Idea reported a bigger-than-expected second-quarter loss on Wednesday, weighed down by a shrinking user base.

Vodafone Idea reports #Q2Results???? ????Net loss at ₹7,176 cr vs loss of ₹6,432 cr (QoQ) ????Revenue up 4% at ₹10,932.2 cr vs ₹10,508.3 cr (QoQ) ????EBI

Revenue increased by 2.01% YoY & loss decreased by 17.88% YoY, loss at ₹7175.9 crore and revenue at ₹10932.2 crore.

Vodafone Idea, the debt-laden telecom company, narrowed its consolidated net loss in Q2 to Rs 7,176 crore from Rs 8,737 crore last year. The telco had reported a net loss of Rs 6,432 crore in the previous quarter.

Vodafone Idea reported a smaller net loss of Rs 7,176 crore in Q2 FY25, helped by revenue growth and tariff hikes. Despite this, the telco's subscriber base shrunk due to the price increases. Vodafone Idea's future hinges on securing debt funding,

Vodafone Idea reported a smaller loss of Rs 7,176 crore in the September quarter, helped by tariff increases that boosted revenue to Rs 10,932 crore. Despite an 8% rise, its ARPU of Rs 166 still trails rivals Jio and Airtel.

The company earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter increased to Rs 4,550 crore in the second quarter.