New Delhi, Aug. 14 -- Vodafone Idea announced its financial performance for the June-ending quarter today, August 14, post market hours, reporting a net loss of Rs.6,608 crore, higher than the net loss of Rs.6,432 crore reported in the same period last year.

However, on a sequential basis, losses narrowed compared to the preceding March quarter, when the company reported a net loss of Rs.7,166 crore. Its consolidated revenue from operations during the quarter stood at Rs.11,022 crore, a 5% increase from Rs.10,508 crore in the June 2024 quarter.

The average revenue per user (ARPU), a key metric for telecom companies-came in at Rs.177, above analysts' estimates of Rs.167, driven by subscriber upgrades and an improved mix.

(more to come)...