Vodafone Idea’s loss narrows to Rs 6,432 cr; Arpu flat at Rs 146

Vodafone Idea’s net loss for the April-June quarter narrowed to Rs 6,432 crore from Rs 7,674 crore in the preceding quarter, owing to the fall in expenses, especially the finance costs.

Bloomberg had estimated the net losses at Rs 7,639 crore.

Total expenses fell 6.1% sequentially to Rs 17,191 crore. On a year-on-year basis, the expenses fell 7.1%, owing to which losses narrowed from Rs 7,840 crore a year ago. The company’s finance costs fell 12.1% QoQ to Rs 5,519 crore. Vodafone Idea said it has reversed the interest charge of Rs 263 crore accrued earlier. This was after the Supreme Court recently waived interest on the tax demand on annual revenue share licence fee.