India's Vodafone Idea reported a bigger-than-expected second-quarter loss on Wednesday, weighed down by a shrinking user base.

Vodafone Idea‘s share price was in the red on Wednesday morning ahead of the company’s September quarter earnings later today. On average, analysts expect the company’s revenue to come in at ₹11,198 crore and peg net loss at ₹6,

On the last trading day, Vodafone Idea opened at ₹7.8 and closed at ₹7.67. The stock reached a high of ₹7.96 and a low of ₹7.64 during the day.

The Aditya Birla Group company posted a loss of Rs 7,175.9 crore in the July–September quarter in comparison to Rs 6,432.1 crore in the year-ago period, according to an exchange filing on Wednesday. Analysts tracked by Bloomberg had a consensus estimate of Rs 6,429 crore.

Vodafone Idea has reduced its losses to Rs 7,176 crore in the July-September quarter of the current financial year from Rs 8,738 crore in the same quarter last year. Revenue from operations in the reporting period rose marginally by 2 per cent year-on-year (YoY) to Rs 10,

On the last trading day, Vodafone Idea opened at ₹7.73 and closed at ₹8.12. The stock reached a high of ₹8.17 and a low of ₹7.72 during the day. This indicates a positive movement in the stock price,