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Vodafone Idea shares reverse early gains, Q1 loss narrows
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Vodafone Idea shares closed flat after sugring nearly 3 per cent on Tuesday after the telecom operator narrowed its net loss to ₹3,754 crore in Q1FY27.
CLSA said Q1 revenue rose 3 per cent q-o-q and 6 per cent y-o-y to ₹11,680 crore, led by mobile ARPU, which increased 2 per cent q-o-q and 7 per cent y-o-y.
Also readCLSA said Q1FY27 was the first quarter of positive net subscriber additions since the merger.
EBITDA rose 3 per cent q-o-q and 9 per cent y-o-y to ₹5,030 crore, also in line with estimates.
It said the quarter was in line with estimates and highlighted positive net subscriber additions for the first time since the merger.