Vodafone idea Q2 consolidated net loss reduces to Rs 7,123 cr; ARPU at Rs 109
Mumbai/IBNS: Vodafone Idea on November 12 posted a consolidated net loss of Rs 7,132.3 crore for the quarter ended September 2021.
The loss in the quarter under review narrowed compared to the loss of Rs 7,319.1 crore recorded in June 2021 quarter.
The telecon said its consolidated revenue grew 2.8 percent at Rs 9,406.4 crore against Rs 9,152.3 crore, sequentially.
EBITDA increased 4.2 percent to Rs 3,863 crore against Rs 3,708 crore and margin was at 41.1 percent versus 40.5, quarter-on-quarter.
The Average Revenue Per User (ARPU) improved to Rs 109 compare to Rs 104, in the last quarter.
"During the last quarter, we witnessed a recovery in our operating momentum as the economy has started to gradually open up aided by the ongoing rapid vaccination drive," said Ravinder Takkar, MD & CEO, Vodafone Idea.
"We continue to improve our 4G subscriber base on the back of superior data and voice experience on Vi GIGAnet, India’s fastest mobile network, which is testified through consistent top rankings in Ookla and TRAI," he added.