Vodafone Idea cuts losses to Rs 7,176 crore in Q2

Debt-laden Vodafone Idea has reported a lower consolidated net loss at Rs 7,176 crore for the second quarter ended September 2024 from Rs 8,737 crore last year. The telco had reported a net loss of Rs 6,434 crore in the June quarter of FY25.

Revenue from operations increased marginally by 2 per cent year-on-year (YoY) to Rs 10,932 crore from Rs 10,716 crore a year ago. The customer revenue increased by 5.6 per cent when compared to the last quarter, aided by the recent tariff hikes undertaken by all private operators.