Vodafone Idea narrows net loss to Rs 5,524 crore, revenue up 1.6%

Vodafone Idea on Monday reported a sequential improvement in its financial performance for the July-September quarter, supported mainly by lower finance costs and steady growth in operating revenue. The company posted a net loss of Rs 5,524 crore for the quarter, narrowing from a loss of Rs 6,608 crore in the preceding three months. The loss was also smaller than Bloomberg’s consensus estimate of Rs 6,712 crore.