Vodafone Idea Q2 Results: Net loss widens to Rs 7,176 crore, worse than estimates
Vodafone Idea Q2 FY25 Results: Private sector telecom operator Vodafone Idea reported a consolidated net loss of Rs 7,176 crore for the July-September period on Wednesday. Read on to learn more about the telecom firms earnings report.
Vodafone Idea Q2 FY25 Results: Vodafone Idea, a private sector telecom service provider, on Wednesday reported a consolidated net loss of Rs 7,175.9 crore for the quarter ended September 30, worse than analysts' expectations and higher than a net loss of Rs 6,432.1 crore for the previous three months. The telecom company registered revenue of Rs 10,932.2 crore for the second quarter of the current financial year, up 4.0 per cent sequentially, according to a regulatory filing. Zee Business analysts had estimated Vodafone Idea's September-quarter net loss at Rs 6,850 crore and revenue at Rs 11,100 crore.
Vodafone Idea Q2 Earnings: Operational performance
Vodafone Idea logged quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 4,549.8 crore for the fiscal second quarter, higher than Rs 4,204.7 crore for the previous three months.
Its EBITDA margin came in at 41.6 per cent for the quarter ended September 30, as against 40 per cent for the previous three months.
Vodafone Idea: 5 other key things to know
- The telecom operator added around 42,000 4G sites to its network during the quarter—its largest ever quarterly addition.
- Vodafone Idea said it enhanced its network significantly by deploying 4G on the sub-GHz 900 band across around 20,500 sites. That included site expansion on its recently-acquired 900 MHz spectrum in some circles.
- The company said it also added around 21,200 sites in the 1800 MHz and 2100 MHz bands primarily to increase its network capacity.
- Vodafone Idea shut down around 19,700 3G sites while its overall broadband site count stood at around 4,39,600, as of September 30, according to the company.
- It said that due to a rapid shutting down of 3G sites across circles, its 3G sites were present only in eight circles, as of September 30.
Debt position and dues owed to government
Vodafone Idea said its debt from banks and financial institutions reduced by Rs 4,580 crore to Rs 3,250 crore in the last one year.
Its payment obligations owed to the government stood at Rs 2,12,260 crore, as of September 30. That included deferred spectrum payment obligations to the tune of Rs 1,41,940 crore and adjusted gross revenue-related liabilities of Rs 70,320 crore.
Vodafone Idea Shares
Earlier on Wednesday, Vodafone Idea shares ended lower by 30 paise at Rs 7.37 apiece on BSE.
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