Vodafone Idea reports net loss of Rs6,439cr in Q3FY20

Its consolidated revenue from operations rose marginally from Rs10,844cr in the September quarter to Rs11,089cr in the December quarter, led by the addition of 8.3 million 4G users in the quarter.

Feb 14, 2020 05:02 IST India Infoline News Service

Vodafone Idea Limited
Vodafone Idea reported a consolidated net loss of Rs6,439cr for the December quarter as compared with an Rs5,005cr loss in the same period in 2018-19.

Its consolidated revenue from operations rose marginally from Rs10,844cr in the September quarter to Rs11,089cr in the December quarter, led by the addition of 8.3 million 4G users in the quarter. However, the revenue in the corresponding quarter last year was higher at Rs11,764.8cr.

The company’s average revenue per user (ARPU) was up to Rs109 in December-end from Rs107 at the end of September.

We continue to invest in 4G to increase coverage and capacity. During the quarter we added ~14,600 4G FDD sites, our highest addition in a single quarter since the merger, to improve 4G population coverage which now stands at 974 million. We have deployed ~58,200 TDD sites in addition to deployment of ~11,400 Massive MIMO till date. These network investment initiatives have delivered a significant capacity uplift and enhanced our customers’ experience. We are making progress in implementing LTE 900 in select locations, including through dynamic spectrum refarming, to improve customer experience. Our overall broadband site count stood at 417,361 in Q3 compared to 405,346 in Q2FY20,” the company said in the press release.

The stock is currently trading at Rs4.44 down by Rs0.04 or 0.89% from its previous closing of Rs4.48 on the BSE.
The scrip opened at Rs4.15 and has touched a high and low of Rs5.25 and Rs4.15 respectively. 

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