URL copied to clipboard

Trending News

Vodafone Q1 Result: Shares Fall Over 2% as Losses Narrow and 3G Shutdown Persists Amid High Debt

Vodafone Q1 Result: Shares Decline Over 2% Following Narrower Losses, Small Revenue Drop, Rising ARPU, Ongoing 3G Shutdowns, and High Debt and Government Obligations.
Vodafone Q1 Result: Shares Fall Over 2% as Losses Narrow and 3G Shutdown Persists Amid High Debt

Shares of Vodafone Idea Limited, India’s third-largest telecom operator, fell on Tuesday, August 13, following the release of its financial results for the June quarter. The stock dropped by 2.1% to ₹15.6 on the National Stock Exchange (NSE) and 2% to ₹15.6 on the Bombay Stock Exchange (BSE) during early trading.

Vodafone Idea reported that its losses for the first quarter of the fiscal year 2024-25 reduced to ₹6,432.1 crore, thanks to an increase in 4G subscribers. In comparison, the company’s losses were ₹7,840 crore in the same period last year and ₹7,674.6 crore in the previous quarter (Q4 FY24).

The company’s revenue decreased by 1.3% year-on-year (YoY) to ₹10,508.3 crore in Q1 FY25. However, Vodafone Idea’s average revenue per user (ARPU) improved to ₹146, marking a 4.5% YoY growth from ₹139 a year ago.

As of June 30, 2024, Vodafone Idea’s total debt from financial institutions and banks amounted to ₹4,650 crore, with optionally convertible debentures at ₹160 crore. The company also has significant payment obligations to the government, totaling ₹2,09,520 crore, which include deferred spectrum payments and AGR liabilities.

The telecom operator announced that it has completely shut down 3G services in seven circles, including Haryana, Gujarat, Maharashtra, Andhra Pradesh, Mumbai, Kerala, and Kolkata, and is planning to close 3G services in other regions soon.

Loading
Submit the form, and get to know how you scored!!!
Read More News
स्मॉलकैप स्टॉक 10% उछला, Shudh Investments के साथ संयुक्त उद्यम की घोषणा के बाद, विकास की संभावनाओं में बढ़ोतरी ।

स्मॉलकैप स्टॉक 10% अपर सर्किट पहुंचा, Shudh Investments के साथ जॉइंट वेंचर में कदम रखने के बाद।

भारतीय कंपनी ने UK की फर्म्स के साथ जॉइंट वेंचर किया है, जिसका उद्देश्य पोर्सिलेन स्लैब्स, टाइल्स और क्वार्ट्ज का