.3 min read Final Updated: Aug 13 2024|12:04 AM IST.Vodafone Idea (Vi) on Monday disclosed a net loss of Rs 6,432 crore in the April-June one-fourth (Q1) of 2024-25 (FY25), down almost 18 per cent coming from the Rs 7,840 crore reduction observed in the corresponding one-fourth of 2023-24 (FY24), due to reduced interest as well as loan expenses. On a consecutive basis, the company's net loss reduced 16.1 per-cent, below Rs 7,675 crore in the coming before one-fourth.The telecommunications firm's (telco's) interest as well as financial expenses reduced to Rs 5,262 crore in Q1, down 17.6 per cent from Rs 6,376 crore in the very same quarter of the previous year. The telco's income coming from functions became through 1.38 percent in the most recent one-fourth, coming in at Rs 10,508 crore, down from Rs 10,655.5 crore in Q1FY24.The typical revenue per user (Arpu) for the quarter stood up at Rs 146, the same as the fourth one-fourth (Q4). It had actually been Rs 145, Rs 142, and Rs 139 in the very first 3 one-fourths of the previous financial year, specifically. On a year-on-year basis, Arpu was up 4.5 per cent.Q4 marked the twelfth subsequent fourth of 4G subscriber additions, the provider said. The 4G customer base rose to 126.7 million, partially up 0.3 per-cent from the 126.3 thousand individuals registered in the preceding quarter. Nonetheless, the firm remained to drop consumers to bigger opponents, Reliance Jio and also Bharti Airtel, finishing Q1 with 2.5 million far fewer customers. This is actually a little lower than the 2.6 million subscriber reduction enrolled in the coming before quarter. Having said that, the price of churn has continued to minimize, dued to the fact that it had shed 4.6 thousand customers in the third quarter of FY24.Debt lessens.The total repayment commitments to the federal government stood at Rs 2.09 mountain by the end of Q1, featuring deferred spectrum remittance commitments of Rs 1.39 trillion. The company additionally possessed an adjusted gross earnings liability of Rs 70,320 crore been obligated to repay to the government.In a significant reprieve for the telco, the financial debt from banking companies and also financial institutions was reduced to Rs 4,650 crore in Q1, below Rs 9,200 crore a year back." After the recent equity salary increase, our team remain in the process of expanding our 4G protection and also capability and also launching 5G services. Some capital spending (capex) has currently been purchased and is under completion, based upon which our team anticipate a 15 per cent increase in our records capacity as well as a rise in 4G population insurance coverage through 16 million due to the end of September 2024," President Akshaya Moondra mentioned.He stated the telco is taken on with loan providers for tying up financial obligation financing towards the execution of our network expansion with a considered capex of Rs 50,000-55,000 crore over the following three years.
Very First Published: Aug 12 2024|9:15 PM IST.