Vodafone Idea's third-quarter earnings show a net loss of Rs 6,986 crore and flat sales

Vodafone Idea's third-quarter earnings show a net loss of Rs 6,986 crore and flat sales

Vodafone Idea's third-quarter earnings show a net loss of Rs 6,986 crore and flat sales

Results for Vodafone Idea's third quarter: Compared to the same time last year, the business lost Rs 7,990 crore.

Over the last six months, Vi shares have surged by 76.5 percent.

In the December quarter, telecom operator Vodafone Idea recorded a net loss of Rs 6,985.9 crore, a decrease of 12.56 percent from Rs 7,990 crore during the same time last year.

Revenue increased by 0.49 percent to Rs 10,673.1 crore from Rs 10,621 crore in the third quarter of the previous fiscal year.

Earnings before interest, taxes, depreciation, and amortization, or EBITDA, increased by 140 basis points to 40.8 percent during the quarter from 39.4 percent in the previous year.

Compared to Rs 135 in the previous year, the quarter's compound average revenue per user (ARPU) climbed to Rs 145. From 13.53 crore in the same quarter last year to 13.74 crore now, there are more people using data than ever.

The company's regulatory filing states that as of December 2023, its total gross debt was Rs 2,14,960 crore. This amount comprises Rs 1,38,240 crore in postponed spectrum payment obligations and Rs 69,020 crore in AGR liabilities owed to banks, financial institutions, and the government. debt of Rs 6,050 crore and Rs 1,660 crore in convertible debentures. There was a net debt of Rs 2,14,640 crore.

Domestic stockbroker MK Global said ahead of the telecom operator's financial reports, "We estimate subscriber losses for Vi to grow again in Q3 - loss of Rs 3 million vs loss of Rs 1.6 million in Q2FY24. Vi took part in a government program in Q2, which attracted a sizable number of new clients, including 4G users.

Given Vi's financial difficulties and prolonged financing delays, Kotak Institutional Equities said that it expects Bharti Airtel and Reliance Jio will overtake Vi in the telecom industry as competition heats up, particularly among premium clients. due to unpredictability and mobilization. introduction of 5G.

A number of brokerages predicted that Vi's ARPU would increase somewhat. The price of MK is anticipated to be Rs 143, up around 0.6% sequentially because to the rise in entry-level plan costs.