Vodafone Concept right this moment reported a consolidated web lack of ₹7,132 crore within the second quarter ending September. The loss was ₹7,319 crore within the earlier June quarter and ₹7,218 crore within the final yr interval.
Its income from operations imply whereas fell almost 13% to ₹9,401 crore for the interval below overview as in opposition to ₹10,786 in the identical interval final yr.
Nevertheless, compared with the earlier quarter income rose almost 3% from ₹9,144 crore, supported by the gradual resumption of financial exercise put up extreme second wave of Covid.
“Over the last quarter, we witnessed a restoration in our working momentum because the financial system has began to steadily open up aided by the continuing fast vaccination drive. We proceed to enhance our 4G subscriber base on the again of superior knowledge and voice expertise on Vi GIGAnet, India’s quickest cellular community, which is testified via constant prime rankings in Ookla and TRAI. We proceed to concentrate on executing our technique to enhance our aggressive place and win within the market,” mentioned Ravinder Takkar, MD & CEO.
Common income per consumer (ARPU) per thirty days throughout the quarter improved to ₹109, up 5.3% vs ₹104 in Q1FY22.
VI’s EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation) for the quarter improved to ₹3,863 crore, up 4.2% quarter-on-quarter, aided by enchancment in income which was partially offset by enhance in buyer acquisition prices as a result of increased gross additions throughout the quarter and different inflationary price will increase. EBITDA margins throughout the quarter stood at 41.1%.
The whole gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of September 30, 2021 stands at ₹1.94 lakh core, which incorporates deferred spectrum fee obligations of ₹1.08 lakh crore, AGR legal responsibility of ₹63,400 crore which are because of the authorities and debt from banks and monetary establishments of ₹22,770 crore.
Money and money equivalents on the finish of September quarter stood at ₹250 crore and web debt stood at ₹1.94 lakh crore.
On the operational entrance, Vodafone Concept’s subscriber base now stands at 253 million as in comparison with 255.4 million within the June quarter, a decline of two.4 million.
Nevertheless, the 4G subscriber base noticed wholesome addition of three.3 million, with total 4G base now at 116.2 million. Subscriber churn has additionally improved to 2.9% within the second quarter as in opposition to 3.5% in Q1FY22.
The corporate mentioned it has elevated the entry stage pay as you go pricing plan from ₹49 to ₹79, in a phased method, in addition to elevated the tariffs in some postpaid plans.
On Friday, Vodafone Concept shares have been up 5.08% at ₹10.35 in midday offers on NSE.
Supply: Live Mint