Vodafone Idea Limited’s (Vi) net loss widened to Rs 79.9 billion in the quarter ended (QE) December 31, 2022 as against Rs 75.95 billion in the same period a year ago. The company’s revenue increased 9.3 per cent year-on-year (YoY) to Rs 106.21 billion in the reported quarter as compared to Rs 97.17 billion in the previous year, driven by improving subscriber mix, tariff interventions and 4G subscriber additions.
Further, the company’s earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter was Rs 41.81 billion and EBITDA margins at 39.4 per cent, primarily due to higher change on account of customer acquisition costs and higher network expenses partially offset by the savings in spectrum usage charges.
Vi added 1 million 4G users to end the quarter with 121.6 million, which pushed average data usage marginally up to 15.1 GB from 15 GB in the previous quarter. The average revenue per user (ARPU) for the quarter stood at Rs 135 as compared to Rs 131 in the previous quarter and Rs 115 in Q3 FY22, a YoY growth of 17.4 per cent.
Meanwhile, the telco’s net debt stood at Rs 2.2 trillion including deferred spectrum payment obligations of around Rs 1.39 trillion and adjusted gross revenue liability of Rs 699.1 billion. Debt from banks and financial institutions stood at Rs 131.9 billion.