Vodafone Idea shares fall over 3% as Q1 net loss widens to Rs 7,840 crore

Shares of debt-ridden Vodafone Idea (Vi) fell over 3% to Rs 8 in Wednesday’s trade on BSE after the telecom operator reported a loss of Rs 7,840 crore for the quarter ended June 2023, which is higher than Rs 7,297 crore reported in the year-ago quarter and Rs 6,419 crore in the preceding March quarter.

However, its revenue from operations rose by a marginal 2% to Rs 10,655 crore in the first quarter, compared with Rs 10,410 crore in the same quarter of last year.