Vodafone Idea Q3 net loss narrows to Rs 6,609 crore
The Hindu
Vodafone Idea Ltd reports narrowed net loss, revenue growth, increased ARPU, and strategic investments for future growth.
Vodafone Idea Ltd for the third quarter ended December 31, 2024 narrowed its net loss to ₹6,609 crore from net loss of ₹6,986 crore in the year ago period.
The telecom company’s revenue from operations during the quarter increased 4% to ₹11,117 crore from ₹10,673 crore in the same period last year.
Customer ARPU grew 4.7% QoQ. For the quarter it stood at ₹173 vs ₹166 in Q2FY25. Total subscriber base stood at 19.98 crore and 4G subscriber base at 12.6 crore.
Akshaya Moondra, CEO, Vodafone Idea Ltd, said “We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies.”
“With our intensifying investments, we anticipate further improvement in both operational and financial performance. With the recent equity infusion of ₹1,910 crore from one of our promoters, we have now secured approximately ₹26,000 crore in fresh equity capital over the past 10 months.
“In parallel, we continue to engage with lenders for debt financing, aligning with our planned network expansion investment of ₹50,000–55,000 crore over a three-year period,” he added.
The debt from banks has reduced by ₹5,290 crore during the last one year and stood at ₹2,330 crore (was at ₹7,620 crore in Q3FY24). The cash and bank balance stood at ₹12,090 crore as of December 31, 2024, the company said.
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