Now Reading: Vodafone Idea loss narrows to Rs 3,754 crore in Q1
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Vodafone Idea loss narrows to Rs 3,754 crore in Q1
Vodafone Idea’s consolidated net loss narrowed to Rs 3,754 crore in the June quarter from Rs 6,608 crore a year earlier. Revenue from operations reached Rs 11,689 crore. The Economic Times reports…
The Story in Brief
Vodafone Idea’s consolidated net loss narrowed to Rs 3,754 crore in the June quarter from Rs 6,608 crore a year earlier. Revenue from operations reached Rs 11,689 crore. The Economic Times reports 6% year-on-year growth, while LiveMint calculates a 2.4% rise against its stated comparison. EBITDA increased 9% to Rs 5,034 crore, with the margin improving to 43.1%.
The company added subscribers for the first time since its merger, taking its base to 193.1 million from 192.8 million in the previous quarter. ARPU rose 10.2% year-on-year to Rs 195, while 4G and 5G users reached 130.1 million. Vi expanded 5G coverage to more than 200 cities and lifted 4G population coverage to 87%. Quarterly capex stood at Rs 1,930 crore, and the company has secured Rs 6,400 crore in funding.
The Indian Opinion
The easy story is that one better quarter has rescued Vodafone Idea. That is premature. Subscriber growth, higher ARPU and network spending are useful signs, but the company still reported a large loss and trails Airtel and Jio on ARPU. The conflicting revenue growth figures also deserve clarification. The real test is whether Vi can sustain net additions and fund its Rs 45,000 crore three-year capex plan without swelling financial stress.
Sources (3): livemint.com, businesstoday.in, telecom.economictimes.indiatimes.com
This story was synthesised by AI from the 3 sources linked above.
