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Time of India

Vodafone Idea shares in focus as Q1 loss widens to Rs 6,608 crore

Vodafone Idea shares will be in focus on Monday, August 18, after the telecom operator reported a wider loss for the June quarter. The company posted a net loss of Rs 6,608 crore in Q1FY25, compared to Rs 6,432 crore in the same quarter last year. Revenue from operations, however, rose 5% year-on-year (YoY) to Rs 11,023 crore from Rs 10,508 crore in the corresponding period of the previous financial year. The company's average revenue per user (ARPU) for the quarter stood at Rs 177, up from Rs 154 in Q1FY24, reflecting a year-on-year growth of 15%. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at Rs 4,612 crore, compared with Rs 4,205 crore in the year-ago period, marking a 10% increase. The EBITDA margin improved to 41.8%, 180 basis points higher than the 40% reported in the same quarter last year. Sequentially, losses narrowed from Rs 7,166 crore in Q4FY25, while revenue remained flat on a quarter-on-quarter basis. Vodafone Idea continued to expand its network services during the quarter, launching 5G in 22 cities across 13 circles, while also progressing with 4G expansion. Subscriber losses reduced sharply, with management noting that strategic investments have led to a 90% decline in churn. The 4G and 5G subscriber base rose to 127.4 million, compared with 126.7 million in Q1FY25. Live Events The company reported that 4G population coverage increased to 84%, while 4G data capacity rose 36% and average speeds improved 24% compared with March 2024. Cash EBITDA for the quarter, measured on a pre-Ind AS 116 basis, stood at Rs 2,180 crore, up 3.7% year-on-year. Debt from banks declined further to Rs 19.3 billion as of June 30, 2025. Vodafone Idea also entered into a strategic partnership with AST SpaceMobile to provide direct-to-device satellite broadband connectivity in remote areas without terrestrial networks. Commenting on the performance, CEO Akshaya Moondra described Q1 as a 'decisive turnaround quarter.' He said investments made over the past three quarters to expand 4G coverage have begun to yield results, with subscriber losses at their lowest since the company's merger. Moondra added that 5G services are now operational in 22 cities across 13 circles, and Vodafone Idea remains committed to systematically expanding its 5G footprint in line with rising handset adoption. He further highlighted strong momentum in core business metrics, with data consumption hitting record highs, supported by the success of its SuperHero and Non-Stop SuperHero plans. On Thursday, Vodafone Idea shares closed 3.45% lower at Rs 6.15 on BSE. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)