Vodafone Idea Q2 Results Live Updates: Stock falls ahead of earnings

Vodafone Idea Q2 Results Live Updates:

Debt-ridden telecom services provider Vodafone Idea Ltd. will be reporting its results for the July - September period later in the day. During the June quarter, Vodafone Idea's losses had narrowed to the lowest in the last 14 quarters. Losses were lower sequentially due to the FPO fund raise. Bank debt had declined as well, but revenue growth was negative for the third quarter in a row as well as lagged its peers. The company has been in the news recently over the Supreme Court judgment with regards to the additional AGR dues, which led to its stock price briefly crossing the mark of ₹10 as well. However, the stock still remains below its FPO price of ₹11 per share. Commentary on subscriber share loss, the current status of the AGR dues, timeline for getting any potential funding with banks, will all be keenly awaited by the street. Watch this space for all the live updates.