Voda Idea Q1 results: Net loss narrows to Rs 6,432 cr on reduced expenses

Indian telecom operator Vodafone Idea reported a smaller-than-expected first-quarter loss on Monday, helped by a fall in expenses.

The company posted a consolidated loss after tax of Rs 6,432 crore ($766.4 million) for the quarter ended June 30, compared to a loss of Rs 7,840 crore a year earlier.

Analysts, on average, were expecting a loss of Rs 7,576 crore, according to LSEG data.