72 private telecom operator Vodafone Idea incurred a net loss of Rs 4532 crore in the December quarter of the financial year 2020-21. Whereas, the company’s revenue has increased marginally during this period. Let us tell you that the telecom operator had a loss of Rs 7218.5 crore in the September quarter. This decrease in Vodafone Idea losses in Q3 came from selling its 11.5% stake in Indus Towers for Rs 2118.9 crore. Indus Towers merged with Bharti Infratel, after which the company sold its stake in it.
In the December quarter, Vodafone Idea has seen an improvement in revenue per user (ARPU) and has increased to Rs 121 per user, compared to Rs 109 in the September quarter. Also, before paying tax and interest to the company, EBITDA margin increased by 3.2% to Rs 4286.2 crore on a quarterly basis. At the same time, the company’s operating margin improved 80 basis points to 39.3%. The company’s EBITDA has improved due to cost-cutting measures and increased revenue.
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The revenue of the company is so much
Vodafone Idea’s revenue grew 1% to Rs 10.894 crore in the December quarter. The company said that the increase in its revenue came due to the increase in new 4G connections and improvement in service quality. The company said that its board of directors has approved raising Rs 25,000 crore through debt and equity. The company had earlier set a cost-saving target of Rs 4000 crore, in which the company was successful in achieving 50% target in the December quarter. However, the subscriber base of the company declined by 2 million to 26.98 crore in Q3.
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