India's Vodafone Idea reported a bigger-than-expected second-quarter loss on Wednesday, weighed down by a shrinking user base. The telecom operator narrowed its consolidated loss after tax to 71.76 billion rupees ($850.

Revenue increased by 2.01% YoY & loss decreased by 17.88% YoY, loss at ₹7175.9 crore and revenue at ₹10932.2 crore.

Cash EBITDA excluding the impact of Ind AS 116 increased to ₹2,320 Crore, the highest since the merger, up 10% quarter on quarter.

Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year.

Vodafone Idea‘s share price was wobbly on Thursday morning as the company’s September quarter results failed to lift investor sentiments. What Happened: The telecom major posted a net loss of ₹7,175 crore for the September quarter,

Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year. Revenue from operations in the reporting period rose marginally by 2 per cent year-on-year (YoY) to Rs 10,