Vodafone Idea Q2: Net Loss Shrinks 17% To ₹7,175 Cr, But Misses Estimates
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Vodafone Idea reported its earnings for the quarter ended September after the markets closed on Wednesday. The company’s numbers were much below analyst estimates.

What Happened: The telecom company's net loss for the September quarter stood at ₹7,175 crore, a 17% improvement from the ₹8,737 crore loss posted in the same quarter last year.

The company's revenue from operations stood at ₹10,932 crore, up 2% compared to the ₹10,716 crore posted in the corresponding quarter of the previous year. Analysts expected the debt-ridden company to post a revenue of ₹11,198 crore with a net loss of ₹6,591 crore.

See Also: Macquarie Sees 50% Downside For Zomato, Stock Rebounds After Falling Over 2%

EBITDA for the quarter came in at ₹4,550 with an EBITDA margin of 41%. Blended average revenue per user came in at ₹156. Customer ARPU (ex M2M) improved to Rs. 166 vs Rs. 154 in Q1FY25, up 7.8% on QoQ basis, driven by tariff hike.

The company’s subscriber base shrunk by around 1.4 users from 21.9 crore at the end of the September quarter last year to 20.5 crore.

Shares of the telco have been taking a beating at the bourses. The stock has crashed 40% in the last six months. The company has been requesting government assistance to waive the requirement for bank guarantees (BGs) to secure spectrum payments. The telecom major has also been gearing up to launch 5G services in Delhi and Mumbai by March 2025.

Price Action: Vodafone Idea’s share price was down 3.65% to close at ₹7.39 on Tuesday.

Read Next: Swiggy Lists At ₹420: Macquarie Flags Risks As It Initiates Coverage With ‘Underperform’ Call

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