The numbers missed Street estimates, which had expected a loss of Rs 3,247 crore and revenue at Rs 11,800 crore. The Q1 ARPU increased 3.8 per cent to Rs 108, much below Street estimates.
While declaring its Q1 numbers, the Mumbai-headquarted company said it had 320 million subscribers at the end of the June quarter as against 334.1 million in the March quarter. With this, it lost its position as the largest telecom operator in the country.
At 12:28 pm, Vodafone Idea
was trading at Rs 6.74 apiece, down 27.14 per cent, as against a 0.92 per cent decline in the S&P BSE Sensex.