- Vodafone Idea reported a consolidated net loss of Rs 6,413.8 crore for the January-March quarter of FY23.
- The consolidated revenue for the quarter decreased by 0.8 percent sequentially to Rs 10,531.9 crore.
- The company’s consolidated EBITDA rose 0.7 percent for the quarter under review.
- The decline in net loss was due to a number of factors, including:
- The company’s tariff hikes, which were implemented in December 2022.
- The improvement in the average revenue per user (ARPU), which rose to Rs 135 in the quarter from Rs 124 in the previous quarter.
- The reduction in the company’s operating expenses, which fell by 1.4 percent sequentially to Rs 9,118 crore.
The decline in net loss and the improvement in EBITDA are positive signs for Vodafone Idea. The company’s tariff hikes have helped to improve ARPU, and the reduction in operating expenses has helped to improve profitability. However, the company’s revenue continues to decline, and it will need to continue to focus on improving its operational efficiency in order to turn a profit in the long term.
The company’s management is confident of overcoming these challenges and returning to profitability in the coming quarters. They are planning to focus on:
- Increasing its 4G subscriber base.
- Reducing its churn rate.
- Improving its network quality.
If the company is able to successfully implement these initiatives, it could return to profitability in the coming quarters.