Vodafone Idea’s Q2 loss narrows to ~7,145 crore

New Delhi, November 12

Debt-ridden telecom operator Vodafone Idea Ltd on Friday reported narrowing of consolidated loss to Rs 7,144.6 crore for the second quarter ended September 30, on account of an increase in mobile services tariff and cost optimisation.

The company had posted a loss of Rs 7,218.2 crore in the corresponding period of the previous fiscal (2020-21).

During the September 2021 quarter, VIL increased the entry-level prepaid pricing plan from Rs 49 to Rs 79, in a phased manner, as well as increased the tariffs in some postpaid plans. Its consolidated revenue declined about 13% to Rs 9,406.4 crore during the period under review. — PTI

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