Vodafone Concept Restricted (VIL), the third-largest telecom participant in India, has launched its monetary outcomes and efficiency information for Q3 FY24 (Oct-Dec 2023). Through the quarter, the telco’s internet loss narrowed to Rs 6,989 crore from Rs 8739.9 crore within the earlier quarter. Vi’s ARPU (common income per person) determine reached Rs 145, a achieve of Rs 3 QoQ. The telco continues to be in talks with varied events for fund elevating which shall be important for community growth and 5G rollout.
Learn Extra – Vodafone Concept Q2 FY24 Outcomes: See Key Highlights
Vodafone Concept Key Efficiency Highlights for Q3 FY24
For the third quarter of FY24, Vi reported its complete 4G subscriber base at 125.6 million, up 0.9 million from 124.7 million within the earlier quarter. The ARPU is up from Rs 142 to Rs 145 QoQ. The entire subscriber base stood at 215.2 million out of which 89% of the subscribers are pay as you go customers. The VLR or energetic subscribers throughout Q3 FY24 fell to 196.7 million from 199.8 million within the final quarter.
Vi’s blended churn price elevated from 4.1% in Q2 FY24 to 4.3% in Q3 FY24.
Learn Extra – Vodafone Concept Q1 FY24 Outcomes Evaluation
Akshaya Moondra, CEO, Vodafone Concept Restricted, stated, “We’re happy to report highest EBITDA (pre-IndAS 116) of Rs. 21.4 billion in final 11 quarters. According to the evolving business panorama and altering buyer wants, we’ve got revamped our choices in addition to specializing in our execution to successfully compete available in the market. Resultantly, we’re in a position to develop our 4G subscribers and ARPUs consecutively for final 10 quarters. We stay engaged with varied events for fund elevating, to make required investments for community growth, together with 5G rollout.”
The entire debt of Vi stood at Rs 2.14 lakh crore on the finish out the quarter. Out of this, Rs 1.38 lakh crore was in direction of deferred spectrum fee obligations of Rs 1.38 lakh crore and Rs 69,000 crore in direction of AGR (adjusted gross income) legal responsibility. Vi stated, “The debt from banks and monetary establishment decreased by Rs. 71.4 billion over the past one 12 months (was at Rs. 131.9 billion in Q3FY23).”
