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Vi net loss widens to INR75.9bn

4 Nov 2022

Debt-laden Indian cellco Vodafone Idea (Vi) has registered gross revenues of INR106.1 billion (USD1.3 billion) for the three months to end-September 2022, up from INR104.1 billion in the preceding quarter and INR94.1 billion in the year-ago period. EBITDA for the quarter was INR41.0 billion, representing a decrease quarter-on-quarter from INR43.2 billion, but an improvement from INR38.6 billion year-on-year. Rising interest and financing costs, and a small increase in tax costs widened net losses for the period to INR75.9 billion – compared to INR73.0 billion q-o-q and INR71.4 billion y-o-y).

Vi counted a total of 234.4 million mobile subscriptions as at 30 September 2022, down from 253.0 million a year earlier. Of that total, 120.6 million were 4G subscriptions compared to 116.2 million in September 2021. Meanwhile, tariff increases over the last year have helped drive up ARPU, which reached INR131 in the period under review, compared to INR109 in the same period of 2021.

India, Vi (Vodafone Idea Limited, VIL)

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