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Informist, Thursday, Aug. 14, 2025

 

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--Vodafone Idea Apr-Jun consol net loss INR 66.08 bln 
--Analysts saw Vodafone Idea Apr-Jun consol net loss INR 69.59 bln 
--Vodafone Idea Q1 consol net loss INR 66.08 bln vs INR 71.66 bln loss qtr ago 
--Vodafone Idea Q1 consol revenue INR 110.23 bln vs INR 110.14 bln qtr ago 
--Vodafone Idea Q1 consol EBITDA INR 46.12 bln vs INR 46.60 bln qtr ago 
--Vodafone Idea Q1 consol reported EBITDA margin 41.8% vs 42.3% qtr ago 
--Vodafone Idea Apr-Jun customer ARPU INR 177 vs INR 175 qtr ago 
--Vodafone Idea: Debt from bks INR 19.30 bln Jun 30 vs INR 23.30 bln Mar 31 
--Vodafone Idea: Cash and bk balance INR 68 bln Jun 30 vs INR 99 bln Mar 31 
--Vodafone Idea Apr-Jun capex INR 24.40 bln vs INR 42.3 bln qtr ago 
--Vodafone Idea board OKs appointing COO Abhijit Kishore as CEO from Tuesday 
--Vodafone Idea board OKs appointing COO Abhijit Kishore as CEO for 3 years 
--Vodafone Idea 4G, 5G subscriber base 127.4 mln on Jun 30 vs 126.4 mln qtr ago 
--Vodafone Idea total subscriber base 197.7 mln Jun 30 vs 198.2 mln qtr ago 
 

 

By Arya S. Biju

 

MUMBAI – Vodafone Idea Ltd.'s net loss for the June quarter narrowed sequentially, supported by lower finance costs, depreciation, and amortisation expenses. This was despite the company's revenue being largely flat on a quarter-on-quarter basis. The loss was also lower than anlysts' expectations, but the revenue missed the Street's estimate. This marks the 28th consecutive quarter that the company has reported a net loss. 

 

The debt-ridden telecommunication company's consolidated net loss for the reporting quarter was INR 66.08 billion, down from the INR 71.66 billion in the previous quarter. However, on a year-on-year basis, the company's net loss widened from INR 64.32 billion. The net loss for the June quarter was lower than the INR 69.59 billion estimated by the Street. 

 

Its consolidated net sales for the quarter were INR 110.23 billion, largely unchanged from INR 110.14 reported in the previous quarter. On a year-on-year basis, the revenue was up around 5%. This was lower than the INR 110.94 billion revenue estimated by the Street. 

 

 

The company's blended average revenue per user for the quarter was INR 165, up from INR 164 in the previous quarter and INR 146 in the year-ago quarter. Its customer average revenue per user for the reporting quarter excluding machine-to-machine services grew 15% on year and over 1% on quarter to INR 177. This was driven by tariff revisions and customer upgrades, Vodafone Idea said in a post-earnings press release. The company's blended churn rate remained flat sequentially at 4.1%. 

 

Vodafone Idea's total expenses for the quarter fell over 3% sequentially but rose 3% on year to INR 117.75 billion. The sequential fall in expenses was mainly on account of a near 9% sequential drop in finance costs at INR 58.93 billion and a near 2?ll in depreciation and amortisation expenses at INR 54.72 billion. During the reporting quarter, finance costs accounted for 33% of the company's total costs, while depreciation and amortisation expenses accounted for 31%. The company also saw a near 2% sequential fall in its marketing costs at INR 11.88 billion. 

 

The company's consolidated earnings before interest, tax, depreciation and amortisation for the quarter was INR 46.12 billion, down a little over 1% on quarter but up 10% on year. The company's reported EBITDA margin for the quarter was 41.8%, down from 42.3% in the previous quarter.  

 

The telecom company lost around 500,000 subscribers during the June quarter, taking its total customer base to 197.7 million. However, this was lower than the 1.6 million subscribers lost during the March quarter. The company's 4G subscriber base was 127.4 million, up from 126.4 million in the previous quarter. 

 

"In addition to the 5G (fifth-generation) rollout, we continue to invest towards expanding our high-speed broadband network's coverage and capacity by adding new 4G (fourth-generation) sites and upgrading our core and transmission network. As a result, we increased our 4G population coverage to ~84% as of June, 2025 compared to ~77% as of March, 2024," the company said in the press release. 

 

The company incurred capital expenditure of INR 24.4 billion during the June quarter. "We continue to invest in capex and to support our broader capex plans of Rs. 500–550 billion, we remain engaged with lenders to secure debt financing," Akshaya Moondra, chief executive officer of the company, said in the press release. With its planned investments, the company expects its fourth-generation coverage to increase to around 90% of the population, Vodafone Idea said.

 

The company further reduced its debt from banks to INR 19.3 billion as of Jun. 30 from INR 23.3 billion as of Mar. 31. Its cash and bank balance was INR 68.3 billion as of Jun. 30, down from INR 99 billion as of Mar. 31. 

 

The company's board has approved the appointment of Abhijit Kishore as the chief executive officer for three years effective from Tuesday. Kishore will replace Akshaya Moondra, who will cease to old the post on Monday.

 

The company announced its earnings after market hours. Its shares closed 3.3% lower at INR 6.15 on the National Stock Exchange on Thursday.  End 

 

Edited by Saji George Titus and Avishek Dutta

 

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