Vodafone Idea Q4 results: Net loss declines 2.2% to Rs 6,418 crore

Vodafone Idea (Vi) reported a consolidated net loss to Rs 6,418 crore in Q4 FY23 on a year-on-year basis on the back of an increase in operating expenses.

The net loss was however 2.2 per cent lower on a year-on-year basis due to revenue growth and an increase in 4G customers. In the same period last year, the company had posted a net loss of Rs 6,563 crore.

On a sequential basis, the net loss reduced by 19.6 per cent. In the third quarter of FY23, Vi had posted a net loss of Rs 7,990 crore.

Gross revenue in the fourth quarter of FY23 increased by 2.8 per cent YoY to Rs 10,531 crore while earnings before interest,