Vodafone Idea lost ₹5,975 crore in the September quarter, more than what experts expected and higher than last year's loss.
The main reason? An exceptional loss of ₹462 crore this time, while last quarter actually saw a boost thanks to gains from Vodafone Plc.
Revenue ₹11,884cr but misses expectations
Even though revenue went up to ₹11,884 crore and 1.3 million new users joined (with two million more postpaid subscribers), revenue still fell short of what was hoped for.
To try turning things around, Vodafone Idea has raised over ₹10,500 crore through the first half of the current fiscal year (FY27) and placed big orders, over ₹13,200 crore, for network expansion.