Vodafone Thought Q3 web loss narrows to Rs 6,609 crore

Vodafone Thought Q3 web loss narrows to Rs 6,609 crore

Vodafone Thought’s whole subscriber base stood at 19.98 crore and 4G subscriber base at 12.6 crore.
| Picture Credit score: Reuters

Vodafone Thought Ltd for the third quarter ended December 31, 2024 narrowed its web loss to ₹6,609 crore from web lack of ₹6,986 crore within the yr in the past interval.

The telecom firm’s income from operations through the quarter elevated 4% to ₹11,117 crore from ₹10,673 crore in the identical interval final yr. 

Buyer ARPU grew 4.7% QoQ. For the quarter it stood at ₹173 vs ₹166 in Q2FY25. Whole subscriber base stood at 19.98 crore and 4G subscriber base at 12.6 crore.

Akshaya Moondra, CEO, Vodafone Thought Ltd, stated “We’re driving investments and the rate of capex deployment is ready to speed up within the coming quarters. Concurrently, the phased rollout of 5G companies is underway, concentrating on key geographies.” 

“With our intensifying investments, we anticipate additional enchancment in each operational and monetary efficiency. With the current fairness infusion of ₹1,910 crore from one among our promoters, now we have now secured roughly ₹26,000 crore in recent fairness capital over the previous 10 months. 

“In parallel, we proceed to interact with lenders for debt financing, aligning with our deliberate community enlargement funding of ₹50,000–55,000 crore over a three-year interval,” he added.

The debt from banks has lowered by ₹5,290 crore over the last one yr and stood at ₹2,330 crore (was at ₹7,620 crore in Q3FY24). The money and financial institution steadiness stood at ₹12,090 crore as of December 31, 2024, the corporate stated. 

The 4G subscriber base stood at 12.6 crore on the finish of Q3FY25, rising from 12.56 crore as of Q3FY24. Buyer ARPU (ex M2M) improved to ₹173 vs ₹166 in Q2FY25, up 4.7% on QoQ foundation, pushed by tariff hike and buyer upgrades. 

On January 9, 2025, the corporate accomplished the allotment of 170 crore fairness shares of face worth of ₹10 every at an situation value of ₹11.28 per share (together with premium of ₹1.28 per share) for an combination consideration of ₹1,910 crore to Vodafone Group (Promoter) entities on a preferential foundation. 

On account of this preferential allotment, the combination shareholding of the Promoter Group in VIL has elevated from 37.3% to 38.8%. Throughout final 10 months, Vi raised fairness of ₹26,000 crore together with ₹18,000 crore from the most important FPO in India, Promoters infusion of ₹4,000 crore and conversion/fairness issuance to key distributors of ₹4,000 crore. 

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