Vodafone Idea’s Q2 loss narrows to Rs 7,145 cr; ARPU rises 5% qoq to Rs 109

Debt-ridden telecom operator Vodafone Idea Ltd (VIL) on Friday reported narrowing of consolidated loss to Rs 7,144.6 crore for the second quarter ended September 30.

The company had posted a loss of Rs 7,218.2 crore in the corresponding quarter of the previous financial year.

Its consolidated revenue during July-September 2021 fell about 13 per cent to Rs 9,406.4 crore, compared with Rs 10,791.2 crore in the year-ago period.

VIL’s total gross debt (excluding lease liabilities and including interest accrued but not due) as of September 30, 2021, stood at Rs 1,94,780 crore. It comprised deferred spectrum payment obligations of Rs 1,08,610 crore, AGR liability of Rs 63,400 crore that are due to the government, and debt of Rs 22,770 crore from banks and financial institutions.

The company’s cash and cash equivalents stood at Rs 250 crore, and net debt was at Rs 1,94,530 crore.

The telco’s average revenue per user (ARPU) rose 5.3% on a sequential basis to Rs 109. On Friday, the company’s scrip on BSE closed trading 4.6% higher at Rs 10.34.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor