Vodafone Idea posts loss of Rs 7144.6 crore for Q2, ARPU up to Rs 109

Mumbai: Vodafone Idea’s (Vi) net loss for the fiscal second quarter narrowed to Rs 7,144.6 crore from Rs 7,312.9 crore in the previous quarter, supported by a rise in average revenue per user (ARPU) on the back of segmented price hikes even as subscriber losses fell sharply.

India’s only loss-making private operator – dragged by high finance and depreciation costs – reiterated that its future depended on multiple factors including a successful fundraising and support of its lenders. Its auditor, in a report, said that the company’s financial performance has hurt its ability to generate sufficient cash flows that it needs to settle or refinance its liabilities as they fall due.