Vodafone Concept Q3 Outcomes: Decreased losses in December quarter, ARPU elevated to Rs 173 – INA NEWS

Vodafone Concept Q3 Outcomes: Telecom firm Vodafone Concept has introduced the outcomes of the third quarter of FY25 on February 11 right this moment. Within the October-December quarter, the corporate Web Los lowered marginally to Rs 6609 crore. The corporate had a web lack of Rs 6986 crore in the identical quarter of a yr in the past. The corporate’s shares fell by 3.29 per cent right this moment and this inventory has closed at Rs 8.82 on BSE. The corporate has launched the outcomes after the market was closed.

The corporate’s income rose by 4 per cent to Rs 11,117 crore within the December quarter, as in comparison with Rs 10673 crore within the third quarter of FY 2024. Within the December quarter, the agency’s ARPU elevated to Rs 173, which was Rs 166 1 / 4 in the past, ie it has a rise of 4.7 per cent. The overall subscriber base of the corporate was 19.98 crore and the 4G subscriber base was 12.6 crores.

In Q3 FY25, the corporate’s value was ₹ 3,210 crore, which reached ₹ 5,330 crore for the primary 9 months. The telecom firm mentioned the This fall FY25 will velocity up community enlargement velocity and the entire capes for all the monetary yr are anticipated to be round ₹ 10,000 crore.

The telecom firm mentioned in its assertion, “The mortgage taken from banks within the final one yr has come down by ₹ 5290 crore to ₹ 2,330 crore, which was ₹ 7,620 crore in Q3 FY24. The corporate’s money and financial institution stability until 31 December 2024 is ₹ 12,090 until 31 December 2024. Crores. “

Akshay Mundra, CEO of Vodafone Concept Restricted, mentioned in an announcement, “We’re growing funding and the tempo of deployment of capex will likely be quicker within the coming quarters. Together with this, 5G companies are being expanded in a phased fields. It’s a pleasure to say that we’ve been probably the most quarterly money ebitda because the merger, which has reached ₹ 2,450 crore, and an annual enhance has been recorded by 15% With growing funding, we anticipate additional enchancment in operation and monetary efficiency. “

Mundra mentioned that with a not too long ago obtained fairness funding from a VI promoter, the telecom firm has achieved a brand new fairness capital of about ₹ 26,000 crore (₹ 260 billion) within the final 10 months. He mentioned that VI is constant talks with lenders for Debt Financing, so {that a} community enlargement funding of ₹ 50,000-55,000 crore could be met in three years. He mentioned, “The federal government’s choice to waive financial institution assure exhibits its fixed help for the telecom sector, which is a crucial pillar of the way forward for Digital India.”