Vodafone Idea Q3 Results: Net loss narrows to ₹5,286 crore; ARPU rises to ₹182

Vodafone Idea announced its financial performance for the December-ending quarter on January 27, post-market hours, reporting a net loss of ₹5,286 crore, lower than the net loss of ₹6,609 crore recorded in the same period last year.

The loss was lower than Bloomberg’s estimate of ₹6,109 crore. In the previous quarter, the company reported a net loss of ₹5,524 crore.

The lower-than-expected drop in net profit can be attributed to a decline in expenses, which stood at ₹17,884 crore compared with ₹17,974 crore in the same period last year. During the quarter, the company also witnessed a reduction in its finance costs, which include interest payments on debt and other liabilities.

The company’s revenue from operations increased 2% year-on-year and 1.15% quarter-on-quarter to ₹11,323 crore, also surpassing Bloomberg’s estimate of ₹11,297 crore. The improvement can be attributed to the company’s network expansion and increased data consumption on the network.