India's Vodafone Idea reported a smaller-than-expected third-quarter loss on Tuesday, as the telecom operator's per-user revenue continued to be boosted from July's tariff hikes. Vodafone Idea — 22.6% owned by the Indian government — was formed by a merger between the Indian arm of the UK's Vodafone Group and Aditya Birla Group's Idea Cellular in 2018.

Vodafone Idea's shares dropped 8.2% despite a narrower net loss of Rs 6,609 crore for Q3FY25, compared to the previous year. Revenue grew 4% year-on-year to Rs 11,117 crore. The company's ARPU and subscriber base increased,

Vodafone Idea witnessed a year-on-year rise of 6.77% in its postpaid subscribers for the third quarter of the financial year 2024-25.