Vodafone Idea net loss widened from Rs 48,819 million in the quarter ended (QE) March 2019 to Rs 116,435 million in QE March 2020.
Further, the operator’s revenue declined from Rs 117,750 million during QE March 2019 to Rs 117,542 million during the corresponding quarter in 2020.
Meanwhile, the consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 43,801 million during the period under consideration.
Subscriber base as on March 31, 2020 stood at 291 million. The company’s average revenue per user (ARPU) for the quarter came in at Rs 121.
Commenting on the results, Ravinder Takkar, managing director (MD) and chief executive officer (CEO), Vodafone Idea Limited (VIL), said “Our focus on rapid network integration, as well as 4G coverage and capacity expansion, has further improved customer experience. We thus continue to lead the league tables on 4G data download speeds across several states, metros and large cities. We have achieved our full opex merger synergy target. Despite the nationwide lockdown since March due to COVID-19, our teams across all circles continue to work effectively in these difficult times with support of the local authorities, to ensure seamless connectivity for our customers. On the adjusted gross revenue (AGR) matter, the next hearing is scheduled with the Supreme Court (SC) in the third week of July 2020. Meanwhile, we continue to actively engage with the government seeking a comprehensive relief package for the industry, which faces critical challenges.”