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Vodafone Idea slips over 2% after Q2 net loss widens to Rs 7,596 crore

Shares of telecom operator Vodafone Idea (Vi) fell as a lot as 2.45% to Rs 8.36 in Friday’s intraday commerce after the corporate’s consolidated web loss for the quarter ended September widened to Rs 7,596 crore from Rs 7,297 crore 1 / 4 in the past.

Nevertheless, the income rose about 2% sequentially to Rs 10,615 crore and was increased than the estimated Rs 10,591 crore. Working revenue within the quarter declined by greater than 5% sequentially to Rs 4,098 crore as bills went via the roof. Bills for the saddled operator rose at a sooner tempo than gross sales at almost 3% quarter-on-quarter (QoQ).

Working margin of the corporate shrunk by 297 foundation factors sequentially to 38.61%. Whereas its money and equivalents on the finish of September stood at Rs 190 crore.

Vi’s common income per person (ARPU) – a key efficiency metric – rose sequentially to Rs 131 from Rs 128 within the June quarter. The corporate’s web value stood at a unfavorable Rs 76,416.8 crore.

Capital expenditure throughout the quarter rose to Rs 1,200 crore from Rs 840 crore in Q1. Nevertheless, tariff hikes helped enhance realisation.

Its subscriber base additional fell to 234.4 million from 240.4 million 1 / 4 in the past.

Vodafone Concept’s gross debt as on September 30 stood at Rs 2.2 lakh crore, which incorporates deferred spectrum fee dues of Rs 1.4 lakh crore, adjusted gross income dues of Rs 68,600 crore and debt of Rs 15,080 crore.

At 10.44 am, the scrip was buying and selling 2.22% decrease at Rs 8.38 over its final day’s closing value of Rs 8.57 apiece. The inventory has fallen almost 8% within the final six months whereas it has plunged about 46% year-to-date.

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