Vodafone Idea may report over Rs 4,000 crore loss in Q2

Vodafone Idea is likely to report a net loss of over Rs 4,000 crore in the September quarter (Q2FY20) amid the ongoing battle of survival for the telecom player and consequently a significant customer exit on a QoQ basis.

The company is slated to announce its financial results for Q2FY20 on Thursday later in the day.

Brokerage firm ICICI Securities sees a net loss of Rs 4,601 crore for the telecom firm with flattish average revenue per user (ARPU) at Rs 108. It also projected a 3.20 per cent QoQ fall in revenue at Rs 10,906 crore.