.3 min reviewed Final Updated: Aug thirteen 2024|12:04 AM IST.Vodafone Concept (Vi) on Monday stated a net loss of Rs 6,432 crore in the April-June one-fourth (Q1) of 2024-25 (FY25), down nearly 18 per-cent coming from the Rs 7,840 crore loss found in the corresponding one-fourth of 2023-24 (FY24), due to lesser interest and also funding prices. On a sequential basis, the company's bottom line diminished 16.1 per-cent, below Rs 7,675 crore in the coming before one-fourth.The telecoms company's (telco's) passion and finance costs reduced to Rs 5,262 crore in Q1, down 17.6 percent from Rs 6,376 crore in the same one-fourth of the previous year. The telco's profits coming from functions became by 1.38 per cent in the most recent quarter, coming in at Rs 10,508 crore, down from Rs 10,655.5 crore in Q1FY24.The ordinary profits per customer (Arpu) for the fourth stood up at Rs 146, the same as the 4th quarter (Q4). It had been actually Rs 145, Rs 142, and Rs 139 in the first 3 fourths of the previous financial year, respectively. On a year-on-year manner, Arpu was up 4.5 per cent.Q4 denoted the twelfth succeeding fourth of 4G customer additions, the company stated. The 4G customer base rose to 126.7 million, marginally up 0.3 per-cent from the 126.3 million users recorded in the coming before quarter. However, the company remained to shed customers to much larger rivals, Reliance Jio and also Bharti Airtel, finishing Q1 along with 2.5 million less clients. This is actually slightly less than the 2.6 thousand user loss registered in the preceding fourth. Nevertheless, the rate of churn has remained to decrease, considered that it had lost 4.6 thousand users in the 3rd one-fourth of FY24.Debt lessens.The total repayment responsibilities to the federal government stood at Rs 2.09 trillion at the end of Q1, consisting of deferred range repayment commitments of Rs 1.39 trillion. The company also possessed an adjusted disgusting profits liability of Rs 70,320 crore been obligated to pay to the government.In a primary break for the telco, the personal debt coming from banking companies as well as financial institutions was actually reduced to Rs 4,650 crore in Q1, down from Rs 9,200 crore a year earlier." After the latest equity raising, our team are in the procedure of increasing our 4G coverage and also capacity in addition to introducing 5G companies. Some capital spending (capex) has actually been purchased and is actually under execution, based upon which we assume a 15 percent boost in our data capacity as well as a rise in 4G populace coverage through 16 thousand by the end of September 2024," Ceo Akshaya Moondra stated.He stated the telco is actually engaged along with financial institutions for restricting financial debt funding in the direction of the completion of our system growth along with a considered capex of Rs 50,000-55,000 crore over the next 3 years.
First Published: Aug 12 2024|9:15 PM IST.