Voda Concept Q2 Outcomes: Vodafone Concept Q2 Outcomes: Internet loss widens to Rs 8,738 crore, income development flat

Vodafone Concept Ltd’s consolidated web loss widened to Rs 8,738 crore for the quarter ended September 2023. The corporate had posted a lack of Rs 7,840 crore within the previous June quarter and Rs 7,595 crore within the year-ago interval.

Income from operations rose by a marginal 0.9% to Rs 10,716 crore within the second quarter, in contrast with Rs 10,615 crore in the identical quarter of final 12 months. ARPU (common income per consumer) for the reporting quarter stood at Rs 142, in contrast with Rs 139 within the earlier quarter, displaying a sequential development of two.1%.

On a reported foundation, EBITDA for the quarter grew by 3% quarter-on-quarter (QoQ) to Rs 4,280 crore from Rs 4,160 crore in Q1FY24. EBITDA margins had been at 40%.

The 4G subscriber base continued to develop for the ninth successive quarter and stood at 124.7 million as of September 2023 towards 122.9 million in Q1FY24, an addition of 1.8 million 4G customers.

With bettering operations, the corporate stated it has seen the bottom quarterly subscriber decline of 1.6 million because the merger. The general subscriber base stood at 219.8 million.

“We’re happy to report one other quarter of consecutive income development, enchancment in ARPU, and 4G subscriber additions,” stated Akshaya Moondra, CEO, Vodafone Concept.

The entire gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of September 30, 2023, stood at Rs 2.12 lakh crore together with deferred spectrum fee obligations of Rs 1.35 lakh crore and AGR legal responsibility of Rs 68,180 crore which are as a result of authorities.The online debt, in the meantime, stood at Rs 2.12 lakh crore.

The corporate stated it stays engaged with our lenders for additional debt fundraising in addition to with different events for fairness and equity-linked fundraising, to make required investments for community enlargement, together with 5G rollout.

On Thursday, Vodafone Concept’s shares closed 1.38% decrease on NSE.

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