Vodafone Idea Q3 loss widens to Rs 7,230 crore amid dip in revenue, users

Gross revenue down 10.8% to Rs 9,717 crore, EBITDA slips by same margin to Rs 3,816 crore

Vodafone Idea (Vi) losses widened 59.5 per cent to Rs 7,230 crore in Q3 FY2022 on a year-on-year (YoY) basis amid fall in revenue and subscribers. In the same period last year, the company had posted a loss of Rs 4,532 crore.

Gross revenue decreased 10.8 per cent to Rs 9,717 crore in the third quarter of FY 2022 while earning before interest tax and depreciation and amortisation (EBITDA) slipped by the same margin to Rs 3,816 crore.

The company’s third quarter results last year had benefited from the exceptional income of Rs 1,686 crore, which included gains from stake sale in