Vodafone Idea (Vi) on Friday reported a consolidated net loss of Rs crore for the July-September period. The private sector telecom company had reported a net loss of Rs crore for the former quarter Vodafone Idea’s consolidated profit increased2.8 percent on a quarter-on- quarter base to Rs crore in the three months to September 30, according to a nonsupervisory form The company’s average profit per stoner (ARPU)– a crucial metric for telecom drivers– came in at Rs 109 in the quarter ended September, as against Rs 104 in the former three months The government’s reform package will have a significant positive impact on the telecom sector, Vodafone Idea said in a statement We drink the government’s corner reform package, which addresses several assiduity enterprises and provides immediate relief to the fiscal stress in the sector. We also appreciate the government’s recognition of the telecom sector’s donation in keeping the country connected during the epidemic,” said Ravinder Takkar, MD and CEO of Vodafone Idea The company saw a recovery in its operating instigation as the frugality started to open up gradationally, he said.
Vodafone Idea’s earnings before interest, levies, deprecation and ammortisation (EBITDA) were at Rs crore, over4.2 percent successionally.
Its consolidated EBITDA periphery stood at41.1 percent in the July-September period, as against40.5 percent in the former quarter We continue to ameliorate our 4G subscriber base on the reverse of superior data and voice experience on Vi GIGAnet, India’s fastest mobile network, which is witnessed through harmonious top rankings in Ookla and TRAI. We continue to concentrate on executing our strategy to ameliorate our competitive position and win in the business,” Takkar added Vodafone Idea shares ended4.7 percent advanced at Rs10.3 all on BSE after the earnings advertisement. The caption Sensex indicator surged1.3 percent to break a three- day losing spree.