Home Investment / Trading StockMarket and Mutual Fund Investment Ideas Vodafone Idea loss narrows to Rs 4,540 crore

Vodafone Idea loss narrows to Rs 4,540 crore

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Vodafone Idea loss narrows to Rs 4,540 crore
The data volumes grew by 3.4% QoQ, driven by higher 4G additions.The info volumes grew by 3.4% QoQ, pushed by greater 4G additions.

Vodafone Concept has narrowed its internet loss to Rs 4,540.8 crore for the October-December 2020 quarter, primarily attributable to one-time acquire of Rs 1,697 crore, which incorporates good points made on sale of stake in Indus Towers.

The corporate had reported a internet lack of Rs 7,203.4 crore within the previous July-September interval. The loss for the reported interval can be a lot decrease than Bloomberg estimates of a internet lack of Rs 5,879.70 crore.

The corporate’s income stood at Rs 10,894.1 crore for the interval, nearly a per cent greater than Rs 10,791.2 crore within the previous quarter.

It was although decrease than estimates of Rs 10,993.28 crore. The Ebitda elevated by 3.22% to Rs 4,286.2 crore in opposition to Rs 4,152.4 crore within the previous quarter. It was greater than estimates of Rs 3,948.45 crore. The Ebitda margin additionally improved to 39.3% within the October-December quarter as in comparison with 38.5% within the previous quarter.

The corporate mentioned the launching of unified model Vi has began to yield outcomes and varied subscriber KPIs (key efficiency indicators) have proven enchancment. The subscriber churn has come right down to 2.3% as in comparison with 2.6% within the previous quarter. The whole subscribers of the corporate stood at 269.8 million in Q3 in opposition to 271.8 million in Q2, a decline of two million. The corporate had misplaced 8.1 million subscribers in Q2. The typical income per consumer (Arpu) improved to Rs 121 for the reported interval as in comparison with Rs 119 within the previous quarter. The Apru although stays a lot decrease than Bharti Airtel and Reliance Jio. Different working metrics like knowledge utilization was additionally decrease than competitors. Vodafone Concept’s common knowledge consumption per consumer per 30 days stood at 12.2 GB, decrease than 12.9 GB of Jio and 16.7 GB of Airtel.

On the finish of the quarter, the 4G subscriber base stood at 109.7 million (vs 106.1 million in Q2), a rise of three.6 million within the interval. The info volumes grew by 3.4% QoQ, pushed by greater 4G additions. Complete minutes on the community declined by 1.5% in the course of the interval in comparison with 4% decline within the previous Q2 interval.

“In Q3 FY21, we improved subscriber retention and working efficiency…we remained centered on executing our technique and price optimization plan stays on monitor to ship the focused financial savings. The board has authorized funds elevating to help our strategic intent and we’re in energetic discussions with potential buyers,” Ravinder Takkar, MD and CEO of Vodafone Concept mentioned.

The corporate mentioned on completion of Bharti Infratel and Indus Towers merger, it bought its 11.15% stake for a money consideration of Rs 3,760 crore, out of which it made a prepayment of Rs 2400 crore to the merged tower entity.

In the course of the quarter, the corporate added 12,000 4G websites primarily by means of refarming of 2G/3G spectrum to broaden their 4G capability. Capex spend for the interval stood at Rs 970 crore. The online debt of the corporate on the finish of December stood at Rs 1.17 lakh crore, comprising of deferred spectrum fee obligations as a result of authorities of Rs 94,200 crore and debt from banks and monetary establishments of Rs 23,170 crore. Money and money equivalents had been Rs 290 crore on the finish of December.

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