Vodafone Idea on November 12 reported its second-quarter earnings report where it printed a consolidated net loss of Rs 7,132.3 crore for the quarter against a loss of Rs 7,319.1 crore logged in the fiscal first quarter.
Its revenue saw an improvement in the quarter as it jumped 2.8 per cent to Rs 9,406.4 crore from Rs 9,152.3 crore in the previous quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) saw a growth of 4.2% to Rs 3,863 crore from Rs 3,708 crore QOQ.
The Average Revenue Per User (ARPU) climbed Rs 109 versus Rs 104, QoQ.
Vodafone Idea’s 4G subscriber base in the reporting quarter expanded to 116.2 million from 112.9 million reported in the first quarter of the fiscal 22. The company said that the rebounding in the economy helped the topline growth while it recorded a rise in the cost of customer acquisition. Its gross debt stood at ₹ 1.9 lakh crore in the quarter ended, of which ₹ 1.1 lakh crore accounted was deferred spectrum fees to the government.
“During the last quarter, we witnessed a recovery in our operating momentum as the economy has started to gradually open up aided by the ongoing rapid vaccination drive,” said Ravinder Takkar, MD & CEO, Vodafone Idea.
“We continue to improve our 4G subscriber base on the back of superior data and voice experience on Vi GIGAnet, India’s fastest mobile network, which is testified through consistent top rankings in Ookla and TRAI,” he added.