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.

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.

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‘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,