Vodafone Idea reports Rs 6,432 crore loss

NEW DELHI: Vodafone Idea, country’s third-largest telecom service provider, reported a consolidated net loss of Rs 6,432 crore for the first quarter of financial year 2024-25, down from Rs 7,840 crore in the same period last year.

Revenue from operations fell 1.3% to Rs 10,508.3 croreas against Rs 10,655.5 crore a year earlier. However, the company improved its average revenue per user (ARPU) to Rs 146, up from Rs 139 a year ago. EBITDA on a reported basis was Rs 4,200 crore, and capital expenditure (capex) for the quarter was Rs 760 crore.