Vi net loss narrows to Rs 6,609 crore, Arpu up 4.2% at Rs 173

On the back of lower finance cost and tariff hike in July, Vodafone Idea on Tuesday posted a smaller-than-expected net loss at Rs 6,609.3 crore during the October-December quarter. Its net loss in the preceding quarter was Rs 7,175.9 crore.

However, the company missed Bloomberg consensus estimates on both revenue and Ebitda front. Revenues during the quarter stood at Rs 11,117.3 crore, marking a 1.7% sequential increase, but below Bloomberg’s estimate of Rs 11,363 crore. Ebitda for the quarter rose 3.57% sequentially to Rs 4,712.4 crore, but also fell short of the estimated Rs 4,808 crore.