Vodafone Thought (Vi) on Monday reported a web lack of Rs 6,432 crore within the April-June quarter (Q1) of 2024-25 (FY25), down almost 18 per cent from the Rs 7,840 crore loss seen within the corresponding quarter of 2023-24 (FY24), on account of decrease curiosity and financing prices. On a sequential foundation, the agency’s web loss shrank 16.1 per cent, down from Rs 7,675 crore within the previous quarter.
The telecommunications firm’s (telco’s) curiosity and finance prices shrank to Rs 5,262 crore in Q1, down 17.6 per cent from Rs 6,376 crore in the identical quarter of the earlier yr. The telco’s income from operations fell by 1.38 per cent within the newest quarter, coming in at Rs 10,508 crore, down from Rs 10,655.5 crore in Q1FY24.
The common income per person (Arpu) for the quarter stood at Rs 146, the identical because the fourth quarter (This fall). It had been Rs 145, Rs 142, and Rs 139 within the first three quarters of the earlier monetary yr, respectively. On a year-on-year foundation, Arpu was up 4.5 per cent.
This fall marked the twelfth successive quarter of 4G subscriber additions, the corporate stated. The 4G subscriber base rose to 126.7 million, marginally up 0.3 per cent from the 126.3 million customers registered within the previous quarter. Nonetheless, the corporate continued to lose prospects to bigger rivals, Reliance Jio and Bharti Airtel, ending Q1 with 2.5 million fewer subscribers. That is barely decrease than the two.6 million subscriber loss registered within the previous quarter. Nonetheless, the speed of churn has continued to scale back, provided that it had misplaced 4.6 million customers within the third quarter of FY24.
Debt reduces
The whole fee obligations to the federal government stood at Rs 2.09 trillion on the finish of Q1, together with deferred spectrum fee obligations of Rs 1.39 trillion. The corporate additionally had an adjusted gross income legal responsibility of Rs 70,320 crore owed to the federal government.
In a serious respite for the telco, the debt from banks and monetary establishments was diminished to Rs 4,650 crore in Q1, down from Rs 9,200 crore a yr in the past.
“After the latest fairness increase, we’re within the means of increasing our 4G protection and capability in addition to launching 5G companies. Some capital expenditure (capex) has already been ordered and is beneath execution, based mostly on which we anticipate a 15 per cent improve in our knowledge capability and a rise in 4G inhabitants protection by 16 million by the top of September 2024,” Chief Govt Officer Akshaya Moondra stated.
He stated the telco is engaged with lenders for tying up debt funding in direction of the execution of our community growth with a deliberate capex of Rs 50,000-55,000 crore over the subsequent three years.
First Printed: Aug 12 2024 | 9:15 PM IST
