India's Vodafone Idea reported a bigger-than-expected second-quarter loss on Wednesday, weighed down by a shrinking user base.

Private sector telecom operator Vodafone Idea reported a consolidated net loss of Rs 7,176 crore for the July-September period on Wednesday. Read on to learn more about the telecom firm's earnings report.

Vodafone Idea Ltd (Vi) reported its financial results for the second quarter (July-September) of FY2024 on Wednesday, November 13, 2024, with the telco's net loss widening to ₹7,176 crore, compared to ₹6,

Debt-ridden telecom firm Vodafone Idea on Wednesday said its consolidated loss narrowed to Rs 7,175.9 crore in the September quarter.

Mumbai: Vodafone Idea’s net loss widened to Rs 7176 crore in the fiscal second quarter, FY25, from Rs6432 crore in the previous quarter, as the telco continued to be dragged by customer losses, though the recent headline rate hike of July helped it report some sequential revenue growth.

Vodafone Idea's shares dipped ahead of its Q2 results, where the telco is expected to report narrowed losses and marginal revenue growth. Analysts predict a loss between Rs 6300-6400 crore and a 5% YoY revenue increase.