Quarter ended Dec 2021 compared with Quarter ended Dec 2020.

Net sales (including other operating income) of Vodafone Idea has declined 10.80% to Rs 9717.3 crore.  

Operating profit margin has declined from 39.34% to 39.28%, leading to 10.96% decline in operating profit to Rs 3,816.50 crore.  Employee cost decreased from 4.65% to 4.56%.   Other expenses rose from 56.00% to 56.16%.   Selling and administration expenses rose from 4.64% to 8.13%.   Telecommunication charges fell from 38.74% to 34.86%.   

Other income fell 12.44% to Rs 34.5 crore.  PBIDT fell 10.97% to Rs 3851 crore.  Provision for interest rose 11.23% to Rs 5324.8 crore.  

PBDT fell 219.14% to Rs 1473.8 crore.  Provision for depreciation fell 1.46% to Rs 5738.8 crore.  

Profit before tax down 14.74% to Rs -7,212.60 crore.  Share of profit/loss was 99.82% lower at Rs 0.1 crore.  Provision for tax was debit of Rs 5 crore, compared to credit of Rs 0.3 crore.  Effective tax rate was negative 0.07% compared to 0.01%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company decreased 59.55% to Rs -7,230.90 crore.  

Promoters' stake was 72.05% as of 31 December 2021 ,compared to 72.05% as of 31 December 2020 .  

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of Vodafone Idea has declined 12.58% to Rs 28276 crore.  

Operating profit margin has jumped from 38.76% to 40.27%, leading to 9.17% decline in operating profit to Rs 11,387.10 crore.  Employee cost decreased from 4.91% to 4.47%.   Other expenses fell from 56.32% to 55.25%.   Selling and administration expenses rose from 5.89% to 7.33%.   Telecommunication charges fell from 37.41% to 34.89%.   

Other income fell 27.54% to Rs 97.1 crore.  PBIDT fell 9.37% to Rs 11484.2 crore.  Provision for interest rose 17.85% to Rs 15664.6 crore.  

PBDT fell 573.71% to Rs 4180.4 crore.  Provision for depreciation fell 0.88% to Rs 17671.3 crore.  

Profit before tax down 18.44% to Rs -21,851.70 crore.  Share of profit/loss was 99.61% lower at Rs 0.9 crore.  Provision for tax was debit of Rs 9.5 crore, compared to credit of Rs 0.8 crore.  Effective tax rate was negative 0.04% compared to 0.00%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 41.73% to Rs -21,682.30 crore.  

Promoters' stake was 72.05% as of 31 December 2021 ,compared to 72.05% as of 31 December 2020 .  

Management Commentary

Commenting on the performance Ravinder Takkar,M D & CEO, Vadofone Idea Limited, said" We are pleased to announce second consecutive quarter of revenue growth driven by several tariff interventions taken in last few months. While the overall subscriber base has declined as a result of tariff interventions, the 4G subscriber base remained resilient on the back of superior data and voice experience offered by Vi GIGAnet. We remain focused on executing our strategy to improve our competitive position and win in the marketplace. Separately, we have opted for upfront conversion of interest arising from deferment of spectrum and AGR dues into equity."