Vodafone Idea Q1 loss narrows marginally to Rs 4,873.9 crore, revenue declines on subscriber loss
Vodafone Idea Q1 Results: Consolidated revenue declined 4.3 per cent on a q-o-q basis to Rs 11,269.9 crore during the June quarter, due to the churn of customers who recharged with 'service validity vouchers' as well as average revenue per user (ARPU) down-trading

- Jul 26, 2019,
- Updated Jul 29, 2019 2:28 PM IST
Vodafone Idea, India's largest telecom operator, on Friday reported narrowing of consolidated net loss to Rs 4,873.9 crore during the first quarter ended June 30, 2019 from net loss of Rs 4,881.9 crore in the previous quarter and Rs 5,004.6 crore in the December quarter, helped by synergies from the merger of Aditya Birla Group's Idea and Vodafone in August last year. The company said that it is on track to deliver synergy target by Q1FY21.
The consolidated financial result for the quarter ended June 30, 2019, are not comparable with previous year's figures as the merger of Vodafone India and Idea Cellular was completed on August 31, 2018.
Consolidated revenue declined 4.3 per cent on a quarter-on-quarter basis to Rs 11,269.9 crore during the June quarter as against Rs 11,775 crore in the previous quarter, due to the churn of customers who recharged with 'service validity vouchers'.
The operating income or EBITDA (earnings before interest, tax, depreciation and amortization) increased to Rs 3,650 crore versus Rs 1,785.3 in the March quarter, as the adoption of Ind AS 116 positively benefited by Rs 2,410 crore, the company said.
The operating expenses fell to Rs 7,619.90 crore in Q1FY20 as compared to Rs 9,989.70 crore in Q4FY19.
Vodafone Idea, India's largest telecom operator, on Friday reported narrowing of consolidated net loss to Rs 4,873.9 crore during the first quarter ended June 30, 2019 from net loss of Rs 4,881.9 crore in the previous quarter and Rs 5,004.6 crore in the December quarter, helped by synergies from the merger of Aditya Birla Group's Idea and Vodafone in August last year. The company said that it is on track to deliver synergy target by Q1FY21.
The consolidated financial result for the quarter ended June 30, 2019, are not comparable with previous year's figures as the merger of Vodafone India and Idea Cellular was completed on August 31, 2018.
Consolidated revenue declined 4.3 per cent on a quarter-on-quarter basis to Rs 11,269.9 crore during the June quarter as against Rs 11,775 crore in the previous quarter, due to the churn of customers who recharged with 'service validity vouchers'.
The operating income or EBITDA (earnings before interest, tax, depreciation and amortization) increased to Rs 3,650 crore versus Rs 1,785.3 in the March quarter, as the adoption of Ind AS 116 positively benefited by Rs 2,410 crore, the company said.
The operating expenses fell to Rs 7,619.90 crore in Q1FY20 as compared to Rs 9,989.70 crore in Q4FY19.