Vodafone Idea Q1 Results

Today, August 14, after market hours, Vodafone Idea published its financial performance for the June-ending quarter. It showed a net loss of ₹6,608 crore, which was more than the ₹6,432 crore recorded during the same period previous year. Sequentially speaking, nevertheless, losses decreased from the company's ₹7,166 crore net loss in the previous March quarter. Its total operating revenue for the quarter was ₹11,022 crore, up 5% from ₹10,508 crore for the June 2024 quarter. Thanks to subscriber upgrades and an improved mix, the average revenue per user (ARPU), a crucial statistic for telecom operators, increased to ₹177 from analysts' projections of ₹167.