Voda Idea pares loss to ₹5,524 cr in Sep qtr

Losses fell owing to a reduction in expenses, especially finance cost

- Jatin Grover

The company has reported its quarterly results at a time when it continues to grapple with the issue of the adjusted gross revenue dues.

(REUTERS)

Vodafone Idea Ltd, India's third-largest telecom operator, surprised with a better-than-expected performance on a decline in expenses, especially finance costs, in the September quarter.

However, its debt of over ₹2 trillion and repayments starting next year continue to weigh on its finances, making its survival dependent on government relief, according to analysts. The telecom operator posted a net loss of ₹5,524 crore, lower than the year-ago loss of ₹7,176 crore and Bloomberg's estimate of a ₹6,712 crore loss.