Vodafone Idea trims losses, sees small wins in Q3
Vodafone Idea managed to cut its net loss to ₹5,286 crore this quarter—better than last year's ₹6,609 crore hit.
Revenue nudged up by 1.1% to ₹11,323 crore.
While the total subscriber count dropped by 3.8 million (now at 192.9 million), more users are switching to faster 4G/5G services.
What's driving the numbers?
The company's ARPU grew 3% sequentially to ₹172, and operating profits (EBITDA) also improved a bit.
Vodafone Idea incurred capital expenditure of ₹2,252 crore during the quarter and raised ₹3,300 crore through new debt to keep things running in India's tough telecom market.
Big break from the government
In a relief move, the government has frozen Vodafone Idea's massive AGR dues of nearly ₹88,000 crore while it reassesses what's actually owed.
For now, repayments are capped at smaller yearly amounts until at least FY41—giving Vi some breathing room as it tries to bounce back.