Vodafone Idea announced its financial performance for the June-ending quarter today, August 14, post market hours, reporting a net loss of ₹6,608 crore, higher than the net loss of ₹6,432 crore reported in the same period last year.
However, on a sequential basis, losses narrowed compared to the preceding March quarter, when the company reported a net loss of ₹7,166 crore. Its consolidated revenue from operations during the quarter stood at ₹11,022 crore, a 5% increase from ₹10,508 crore in the June 2024 quarter.
The average revenue per user (ARPU), a key metric for telecom companies—came in at ₹177, above analysts’ estimates of ₹167, driven by subscriber upgrades and an improved mix.
The metric improved by 15% from ₹154 in Q1FY25. At the operating level, the company reported an EBITDA of ₹4,612 crore, compared to ₹4,204 crore in the year-ago quarter, with margins rising to 41.8% from 40%.
The company’s finance cost jumped to ₹5,892 in Q1 crore from ₹5,518 crore, but came in lower as compared to ₹6,471 crore in the preceding March quarter. As on June 30, 2025, the debt from banks was ₹19.3 billion and the cash and bank balance stood at ₹68.3 billion, as per the company’s earnings’ filing.
Quarter sees sharp drop in subscriber exodus
The company said that investments made over the past three quarters to expand its 4G coverage have started yielding results, as reflected in the 90% lower subscriber loss compared to Q2 and Q3 of the last financial year, the lowest decline since the merger.
It further stated that it continues to invest in capex, and to support its broader capex plans of ₹500–550 billion and remains engaged with lenders to secure debt financing. The capex for the June quarter stood at Rs. 24.4 billion.
On the back of investments in high-speed broadband network coverage and capacity, including the addition of new 4G sites, upgrades to its core and transmission network, and multiple other initiatives, subscriber decline during the quarter was restricted to 0.5 million, around 90% lower than the 5 million decline recorded in Q2 and Q3 of the last financial year. This marked its strongest performance since the merger.
The company’s total subscriber base stood at 197.7 million. It closed the quarter with 127.4 million 4G/5G subscribers, up from 126.7 million in the same period last year.
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