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The whole gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of December 31, 2021, stood at Rs 1.9 lakh crore.
Vodafone Concept’s internet loss widened to Rs 7,234 crore in the course of the October-December quarter on the again of upper working bills. The online loss was wider than the Bloomberg consensus estimate of Rs 6,840 crore. The corporate had posted a internet lack of Rs 7,132 crore within the previous quarter.
Nevertheless, the tariff hikes undertaken by Vodafone Concept noticed its common income per consumer (Arpu) rising to Rs 115 from Rs 109 within the previous quarter. The flip facet of the hike, nevertheless, was that the corporate’s churn — loss in subscribers — rose 3.9% in contrast with 2.9% within the earlier quarter. It misplaced 5.8 million customers in the course of the quarter.
Tariff hikes additionally helped the corporate submit the next income, up 3.3% on a sequential foundation to Rs 9,717 crore. Nevertheless, this too was decrease than estimates of Rs 9,756 crore. Ebitda at Rs 3,817 crore was down 1.2% quarter-on-quarter, once more decrease than estimates of Rs 4,033 crore. Margin additionally contracted to 39.3% towards 41.1% within the previous quarter.
The telco’s subscriber base declined to 247.2 million vs 253.0 million in Q2FY22, nevertheless, the 4G subscriber base noticed addition of 0.8 million, with general 4G base now at 117 million.
The sequential information quantity development declined in the course of the quarter. Information utilization per 4G subscriber was down marginally to 14,008 MB as towards 14,809 MB in Q2FY22.
The whole gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of December 31, 2021, stood at Rs 1.9 lakh crore.
Ravinder Takkar, MD & CEO, Vodafone Concept, stated: “We’re happy to announce second consecutive quarter of income development pushed by a number of tariff interventions taken in previous couple of months. Whereas the general subscriber base has declined on account of the tariff interventions, the 4G subscriber base remained resilient on the again of superior information and voice expertise supplied by Vi GIGAnet”.
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