Vodafone Concept’s loss moderates in Q3FY24

Losses for the money strapped telco, Vodafone Concept moderated year-on-year (y-o-y) within the third quarter of the 2024 fiscal to ₹6,986 crore, a 12.5 per cent decline from the ₹7,990 crore loss the identical time final 12 months. 

In the meantime the common income per person (ARPU) rose ₹145 in Q3FY24, rising by 7 per cent on a y-o-y foundation. 

Income from operations was flat on a y-o-y foundation, at ₹10,673 crore in Q3FY24, in contrast with ₹10,620 crore similar time final 12 months. 

Vi’s debt ins Q3FY24 stands at 2.14-lakh crore, and current debt payable by December 31, 2024 is ₹5,385 crore.

As common the monetary outcomes have been made on a going concern foundation. No clear disclosures have been made on the issues of 5G rollout or on the matter of creating funds to tech distributors. 

Subscriber base

Vodafone Concept’s subscriber base for Q3FY24 was 215 million and previously 12 months (from Q3FY23 to Q3FY24), it misplaced 13.4 million subscribers from a subscriber base of 228.6 million in Q3FY23. 

“Income for the quarter stood at ₹106.7 billion, a y-o-y enchancment of 0.5 per cent aided by enhancing subscriber combine, 4G subscriber additions and alter in entry degree plan. On a reported foundation, EBITDA for the quarter grew by 4.1 per cent on y-o-y foundation from ₹41.8 billion in Q3FY23 to ₹43.5 billion and EBITDA margin for the quarter was 40.8 per cent,” Vi’s quarterly report mentioned. 

In accordance with the quarterly report, Vi spent ₹330 crore in quarterly capital expenditure.

“Our capital investments are targeted in the direction of our 17 precedence circles to increase our excessive velocity broadband community protection and capability by rolling out new 4G websites on the present places, upgrading our core and transmission community in addition to by reframing 2G/3G spectrum to 4G. Our total broadband web site rely stood at ~ 4,38,900 as of December 31, 2023 and throughout the quarter we added ~ 1,400 4G websites,” the quarterly report additional added.



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