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Vodafone Idea Q3 FY22 loss widens to Rs 7,231 crore
Vodafone Idea reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021.
- The company had posted a loss of Rs 4,532.1 crore in the same period a year ago.
- Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore.
- Vi's average revenue per user (ARPU) declined by about 5 per cent to Rs 115.
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New Delhi: Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021.
The company had posted a loss of Rs 4,532.1 crore in the same period a year ago.
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the corresponding quarter of 2020-21.
Its subscriber base declined to 24.72 crore from 26.98 crore in the year-ago period because of increase in services rate by the company. Also Read: AGS Transact Tech IPO subscribed over 8 times: Check latest GMP, expected listing price
Despite the tariff hike, its average revenue per user (ARPU) declined by about 5 per cent to Rs 115, compared to Rs 121 in the same quarter of 2020-21. Also Read: Budget 2022: Most people feel income tax exemption limit could be raised from Rs 2.5 lakh, says KPMG Survey
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