Vodafone Idea Faces Growing Losses in Q4
In the fourth quarter of the financial year, Vodafone Idea (VIL) confronted a big loss. Their losses went up to Rs 7,675 crore from Rs 6,419 crore compared to the same time last year. This happened since they had to pay more interest and finance costs. Too, they lost some of their customers. However, their add up to income from all their operations remained the same at Rs 10,607 crore amid this quarter.
In the last quarter of the financial year, Vodafone Idea (VIL) had a few special good news. They got an extra salary of Rs 755.5 crore in the third quarter. This happened since the Telecom Tribunal told the Department of Telecom to give back some money to them for permit fee and spectrum usage charges. This money was taken by the Dot when Vodafone India and Idea Cellular consolidated. Amid this quarter, the number of individuals utilizing their 4G administrations went up to 12.63 crore.
In the fourth quarter, Vodafone Idea’s 4G users come to 126.3 million, out of a add up to of 213 million remote users. In any case, the number of dynamic users dropped to 193.3 million. On beat of that, the sum each client pays on normal (ARPU) expanded to Rs 146, fair Rs 1 more than before. During this quarter, Vodafone Thought went through Rs 5.5 billion on progressing its arrange. For the entire year, they went through Rs 18.5 billion on this. The add up to cash they owe to banks and budgetary teach diminished by Rs 7,090 crore over the past year. Vodafone Thought is working difficult to pay off its obligations rapidly. They moreover arrange to get modern advances to supplant the ancient ones and get more cash through loans.
In the fourth quarter, Vodafone Idea’s installment commitments to the Government totaled Rs 2,03,430 crore as of March 31, 2024. This incorporates Rs 1,33,110 crore for deferred range installments and Rs 70,320 crore for AGR liabilities. Their debts from banks and financial institutions dropped by 64% to Rs 4,040 crore compared to the previous fiscal’s fourth quarter. Furthermore, they had Optionally Convertible Debentures worth Rs 160 crore as of March 31. In the fourth quarter, Vodafone Idea’s add up to obligation produced to around Rs 2,07,630 crore as of March 31, 2024. They effectively brought down their obligation from banks and financial educate by Rs 7,090 crore over the past year. Their obligations to the government include Rs 1,33,110 crore for deferred range installments and Rs 70,320 crore for AGR liabilities. Vodafone Idea’s customer base decreased by 5.7% to 21.3 crore from 22.6 crore in the March quarter of the past year. However, there was a slight increment in post-paid customers by almost 1.3% compared to the past year.
