Vodafone Idea Q3 results: Net loss at ₹6,609 crore, revenue at ₹11,117 crore
Vodafone Idea Q3 results: The losses reduced sequentially, with the telecom company previously reporting a consolidated loss of ₹7,176 crore in the July-September quarter.
Telecom giant Vodafone Idea, on Tuesday, reported a reduction in its consolidated net loss for the December quarter to ₹6,609 crore, compared to ₹6,986 crore in the same period last year.
Revenue from operations for Q3 FY25 reached ₹11,117 crore, marking a 4 per cent increase from ₹10,673 crore recorded in the corresponding quarter of the previous financial year.
The losses reduced sequentially, with the telecom company previously reporting a consolidated loss of ₹7,176 crore in the July-September quarter.
Meanwhile, the company's revenue saw a 1.7 per cent sequential increase compared to ₹10,932 crore reported in Q2FY25.
The growth in revenue was driven by a rise in customer ARPU (excluding M2M), which reached ₹173 for the quarter, up from ₹166 in Q2FY25, reflecting a 4.7 per cent quarter-on-quarter increase.
Financial highlights
Cash EBITDA for the quarter (before Ind AS 116) reached ₹2,450 crore, reflecting a 5.4% sequential growth. This marks the highest quarterly cash EBITDA in six years since the merger.
The total subscriber base was 199.8 million, with 126 million 4G subscribers. As of December 31, 2024, bank debt amounted to ₹2,330 crore.
“We are driving investments and the velocity of capex deployment is set to accelerate in the coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting key geographies. We are pleased to report highest quarterly cash EBITDA since merger of ₹2,450 crore, registering a YoY growth of 15%. With our intensifying investments, we anticipate further improvement in both operational and financial performance," Akshaya Moondra, CEO, Vodafone Idea Limited, said in a statement.
Vi is actively in discussions with lenders to secure debt financing for its planned network expansion investment of ₹50,000–55,000 crore over the next three years.
"The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector—a critical pillar of Digital India’s future," he added.
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