Vodafone Idea Shares Erase Gains Amid Persistent Losses, Subscriber Decline in Q3

• Vodafone Idea shares opened higher but quickly lost ground after reporting mixed Q3 earnings.
• The telecom operator's net loss narrowed to ₹5,286 crore, primarily due to an exceptional profit of ₹1,078 crore.
• Adjusted loss, however, widened to ₹6,368 crore, indicating underlying financial challenges.
• Subscriber base declined by 3.8 million, marking the highest sequential loss in several quarters.
• Gross debt stands at ₹2.098 lakh crore, including significant deferred spectrum and AGR liabilities.

Why It Matters: Vodafone Idea faces ongoing financial struggles with widening adjusted losses and significant subscriber decline.