New Delhi, Jan. 27 -- Vodafone Idea announced its financial performance for the December-ending quarter on January 27, post-market hours, reporting a net loss of Rs.5,286 crore, lower than the net loss of Rs.6,609 crore recorded in the same period last year.

The loss was lower than Bloomberg's estimate of Rs.6,109 crore. In the previous quarter, the company reported a net loss of Rs.5,524 crore.

The lower-than-expected drop in net profit can be attributed to a decline in expenses, which stood at Rs.17,884 crore compared with Rs.17,974 crore in the same period last year. During the quarter, the company also witnessed a reduction in its finance costs, which include interest payments on debt and other liabilities.

The company's revenue fr...