Vodafone Idea Q3 loss widens to Rs 7,231 crore
India Today
Vodafone Idea reported a consolidated net loss of Rs 7,230.9 crore for the quarter ended December, compared to a net loss of Rs 7,132.3 crore in the previous quarter.
Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021.
The company had posted a loss of Rs 4,532.1 crore in the same period a year ago.
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the corresponding quarter of 2020-21.
Its subscriber base declined to 24.72 crore from 26.98 crore in the year-ago period because of an increase in service rates by the company.
Despite the tariff hike, its average revenue per user (ARPU) declined by about 5 per cent to Rs 115, compared to Rs 121 in the same quarter of 2020-21.
Read | Reliance posts best quarterly performance, net profit at Rs 18,549 crore in Q3
