Vodafone Idea’s total subscriber base stood at 19.98 crore and 4G subscriber base at 12.6 crore.
| Photo Credit: Reuters
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.
The 4G subscriber base stood at 12.6 crore at the end of Q3FY25, increasing from 12.56 crore as of Q3FY24. Customer ARPU (ex M2M) improved to ₹173 vs ₹166 in Q2FY25, up 4.7% on QoQ basis, driven by tariff hike and customer upgrades.
On January 9, 2025, the company completed the allotment of 170 crore equity shares of face value of ₹10 each at an issue price of ₹11.28 per share (including premium of ₹1.28 per share) for an aggregate consideration of ₹1,910 crore to Vodafone Group (Promoter) entities on a preferential basis.
As a result of this preferential allotment, the aggregate shareholding of the Promoter Group in VIL has increased from 37.3% to 38.8%. During last 10 months, Vi raised equity of ₹26,000 crore including ₹18,000 crore from the largest FPO in India, Promoters infusion of ₹4,000 crore and conversion/equity issuance to key vendors of ₹4,000 crore.
Published – February 11, 2025 10:51 pm IST
