Vodafone Idea announced its Q3 results on Tuesday and the market hasn't reacted well to it. Traders believe that the numbers were below the market expectations and with no clarity over near future, uncertainties over the company's operation and growth fundamentals is concerning the investors.

Debt raise has been facing some delays as banks are seeking clarity on the resolution of AGR dues by the government, Nomura India reported Vodafone Idea as saying.

Results: Telecom major Vodafone Idea on Tuesday narrowed its December quarter consolidated net losses to Rs 6,609 crore versus Rs 6,986 crore reported in the year ago period.

Vodafone Idea is estimated to see its revenue rising in the third quarter of FY25 led by an uptick in ARPU and the residual impact of tariff hike. Analysts also expect Vodafone Idea’s Q3FY25 net loss to shrink on a sequential basis.

Vodafone Idea's average revenue per user (ARPU) meanwhile rose 4.7 percent quarter-on-quarter to Rs 173 in Q3. This was driven by tariff hikes and customers upgrading to higher plans.

On Tuesday, 338 companies, including Vodafone Idea, SAIL, IRCTC, Tata Investment, and Zee Media, will announce their third-quarter results. Vodafone Idea is expected to narrow its losses due to tariff hikes and ARPU increase.

Vodafone Idea's losses narrowed in Q3, while revenue and EBITDA improved sequentially. ARPU rose to ₹173, and margins expanded, reflecting operational gains.

The losses reduced sequentially, with the telecom company previously reporting a consolidated loss of ₹7,176 crore in the July-September quarter.