Vodafone Idea loss widens to Rs 7,176 crore in Q2

Vodafone Idea net loss has widened sequentially in the September quarter by Rs 743.8 crore to Rs 7,175.9 crore, due to a significant increase in interest and finance cost, and a dip across most key performance indicators. Losses stood at Rs 6,432.1 crore a year ago. This was despite a 4% sequential rise in revenue from operations to Rs 10,932.2 crore, from Rs 10,508.3 crore.

Customer base of the cash-strapped telco shrunk to 205 million in the September quarter from 210.1 million in the June quarter, hit mainly by the industry-wide tariff hikes. Its postpaid customer base rose to 24.5 million versus 24.1 million in Q1, mainly driven by machine-to-machine (M2M) connections used for enterprise appplications.