Vodafone Idea Q3 Results

Vodafone Idea reported its Q3 FY24 results, showing a narrowing net loss and improved financial performance. The company's net loss stood at ₹6,985 crore, compared to ₹7,990 crore in the same quarter last year. Revenue increased by 0.5% YoY to ₹10,707 crore, driven by higher subscriber quality and better realization per user. The Average Revenue Per User (ARPU) rose to ₹145 from ₹135 last year. EBITDA jumped 5.7% YoY to ₹4,230 crore, with margins improving to 39.5%. The company remains focused on fundraising and 5G rollout to enhance its financial stability and market position.