Vodafone Idea's Q1 loss narrows to Rs 7,296 cr, appoints Takkar as chairman

Average revenue per user (ARPU) improved to Rs 128, up 3.2 per cent quarter-on-quarter from Rs 124 in Q4 of FY22. Telecom companies had taken 20 per cent tariff hikes in November 2021

Vodafone Idea (Vi) net loss has remained flat year-on-year (YoY) at Rs 7,296 crore in Q1 of FY23 despite 13.7 per cent growth in revenue. In the same period last year, the company had posted a net loss of Rs 7,319 crore.

However, on a sequential basis, the net loss widened by 10.6 per cent. In the fourth quarter of FY22, Vi had posted a net loss of Rs 6,563 crore.

Gross revenue in the first quarter of FY23 increased by 13.7 per cent YoY to Rs 10,410 crore while earnings before interest, tax, depreciation and amortisation (Ebitda) grew 16.7