Hot Pursuit     06-Aug-20
Vodafone Idea Q1 loss widens to Rs 25,460 cr
Vodafone Idea reported a consolidated net loss of Rs 25,460 crore in Q1 FY21, higher than net loss of Rs 4,873.90 crore in Q1 FY20.

Gross revenue in Q1 June 2020 stood at Rs 10,659.30 crore, down by 5.4% from Rs 11,269.90 crore in Q1 June 2019.

EBITDA rose 10.3% to Rs 4,098.4 crore in the June quarter from Rs 3,716.3 crore in the same period last year. EBITDA margin stood at 38.4% as on 30 June 2020 as against 33% as on 30 June 2019.

The teleco recorded an exceptional expense of Rs 19,923.20 crore during the first quarter. Of the total sum, Rs 19,440.50 crore is for license fees and SUC (spectrum usage charges) on AGR (adjusted gross revenues) and Rs 123 crore is for one-time spectrum charge (including interest).

Vodafone Idea reported a pre-tax loss of Rs 25,460.2 crore in Q1 FY21 as against a pre-tax loss of Rs 6,673.8 crore in Q1 FY20. The company wrote back taxes worth Rs 0.2 crore during the quarter.

Average revenue per user (ARPU) blended rose 5.6% to Rs 114 in Q1 June 2020 from Rs 108 in Q1 June 2019. Sequentially, however, ARPU declined 5.8% from Rs 121 in Q4 March 2020.

The company's total data subscribers decreased 5.3% to 13.57 crore customers in Q1 June 2020 from 14.33 crore customers in Q1 June 2019.

Gross debt (excluding lease liabilities) as of 30 June 2020 was Rs 1,18,940 crore, including deferred spectrum payment obligations due to the Government of Rs 92,270 crore.

Cash & cash equivalents, excluding margin deposits, were Rs 3450 crore and net debt stood at Rs 1,15,500 crore (as against Rs 1,12,520 crore in Q4FY20).

Ravinder Takkar, MD & CEO, Vodafone Idea, said "During the nationwide lockdown due to COVID-19 pandemic, our teams did a phenomenal job of providing seamless high quality services, keeping people and businesses connected during these unprecedented times.

Q1FY21 was a challenging quarter as availability of recharges due to store closure and ability of customers to recharge on account of economic slowdown were impacted. 4G coverage and capacity expansion remains a priority for us to further improve our customers' experience and we continue to lead the league tables on 4G data download speeds across several states, metros and large cities.

We continued to make progress on our strategy with integration largely complete, enabling us to realise cost synergies well ahead of our initial targets.We have launched a new cost optimization initiative that will drive further cost savings.

We also continue to actively engage with the government seeking a comprehensive relief package for the industry, which faces critical challenges."

Vodafone Idea operates as a telecom service provider. The company offers 2G, 3G, and 4G mobile services, as well as mobile payments, advanced enterprise offerings, and entertainment.

The scrip shed 0.72% to end at Rs 8.25 on the BSE on Thursday. It traded in the range of 8.15 and 8.47 during the day.

Previous News
  Stock alert: Raymond, Vodafone Idea, Jubilant Foodworks, lnterGlobe Aviation, Bank of Baroda
 ( Market Commentary - Stock Alert 11-Jun-24   08:33 )
  Vodafone Idea board to mull fund raising on June 13
 ( Hot Pursuit - 11-Jun-24   10:41 )
  Vodafone Idea to hold board meeting
 ( Corporate News - 11-Jun-24   10:06 )
  Vodafone Idea Ltd Falls 2.56%
 ( Hot Pursuit - 18-Sep-23   09:45 )
  EaseMyTrip.com partners with Vi
 ( Corporate News - 06-Dec-23   10:21 )
  Broader markets outperform; consumer durable stocks in demand
 ( Market Commentary - Mid-Session 28-Feb-23   12:31 )
  HFCL Ltd Surges 5.04%
 ( Hot Pursuit - 18-Sep-23   09:30 )
  Vodafone Idea allots 12,000 OCDs worth Rs 1,200 crore to ATC Telecom Infrastructure
 ( Hot Pursuit - 28-Feb-23   11:41 )
  Vodafone Idea reports consolidated net loss of Rs 7022.80 crore in the March 2021 quarter
 ( Results - Announcements 01-Jul-21   16:27 )
  Vodafone Idea Ltd leads losers in 'A' group
 ( Hot Pursuit - 28-Feb-24   15:00 )
  Vodafone Idea Ltd Spikes 1.51%
 ( Hot Pursuit - 25-Aug-23   09:30 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top