February 14, 2025 12:26 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi meets Elon Musk in Washington DC; discusses space, technology | PM Modi meets NSA Michael Waltz in Washington DC, discusses India-US defence, technology | Maharashtra cyber cell summons Samay Raina again, comedian seeks time to respond saying he is in US | Donald Trump confirms announcement on new reciprocal tariffs tonight hours before talks with PM Modi | President's Rule imposed in Manipur days after N Biren Singh's resignation as chief minister | Ranveer Allahbadia's 'sex with parents' remark: Mumbai Police records statements of seven people including Apoorva Mukhija | Pakistan Army violates ceasefire along LoC, suffers 'heavy casualties' after Indian troops retaliate | PM Modi meets Tulsi Gabbard, calls her 'strong votary of India-US friendship' | It is time to stop this ridiculous war: Donald Trump calls Vladimir Putin, Volodymyr Zelenskyy to end Ukraine conflict | BJP yet to name Manipur CM after N Biren Singh's resignation, President's Rule loom large over violence-hit state
Vodafone Idea Ltd

Vodafone Idea reports net loss of Rs 7,300 cr in Q1FY22

| @indiablooms | Aug 17, 2021, at 11:02 pm

Mumbai/IBNS: Vodafone Idea Ltd presented yet another dismal performance as the telecom major announced its Q1FY22 results marked by an erosion of subscriber base.

Vodafone Idea's subscribers declined by a massive 12 million in Q1FY22 while it reported a decline of 4.7 per cent in revenue sequentially to Rs 9,200 crore.

Average revenue per user (ARPU), an important parameter to ascertain the performance of a telecom company,  fell 2.8 percent sequentially to Rs104.

Its Q1FY22 annualised cash Ebitda stood at Rs 5,100 crore which the reports said will not be enough to cover the debts.

The telecom's net debt stood at Rs 1,90,700 crore, which includes  deferred spectrum liability of Rs 1,06,000 crore, AGR liability of Rs 62,200 crore and bank borrowing of Rs 23,400 crore.

It reported a net loss of Rs 7,300 crore in Q1FY22.

According to a Mint report, the company has more liabilities lined up due for payments such as annual payments towards AGR liability of Rs 9,000 crore in March 2022; bank guarantee of Rs14,300 crore coming up for renewal, annual payment towards spectrum due in April 2022 and bank debt repayment by June 2022.

In the hopes of some relief, the company has filed a review petition in the Supreme Court towards AGR liability seeking a correction for the alleged arithmetical errors.

It has also sought a moratorium from the Department of Telecommunication (DoT) for the payment of spectrum dues.

The Mint report stated citing analysts that there is little hope for the company's survival unless it raises more funds from the investors or takes steep tariff hikes.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Videos
FM Nirmala Sitharaman presents Budget 2025 Feb 01, 2025, at 03:45 pm
Nirmala Sitharaman on Budget 2024 Jul 23, 2024, at 09:30 pm
PM Modi on Budget 2024 Jul 23, 2024, at 09:30 pm