Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Vodafone India’s (Vi’s) net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses.

In the same period last year, the company had posted a net loss of Rs 7,132 crore.

The net loss widened by 4 per cent on a sequential basis.

In the first quarter of FY23, Vi had rung up a net loss of Rs 7,296 crore.

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore while earnings before interest, tax, depreciation and amortisation (Ebitda) grew 6 per cent to Rs 4,097 crore.