Q4FY24 Quarterly & FY24 Annual Result Announced for Vodafone Idea Ltd.
Telecom Services company Vodafone Idea announced Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Revenue for the quarter stood at Rs 106.1 billion Highest post-merger quarterly EBITDA (pre-Ind AS 116) of Rs 21.8 billion; grew by 5.4% on YoY basis ARPU for the quarter stood at Rs 146 vs Rs 135 in Q4FY23; YoY growth of 7.6% 4G subscriber base increased to 126.3 million vs 122.6 million in Q4FY23 FY24 Financial Highlights: Annual revenue of Rs 426.5 billion (vs Rs 421.8 billion in FY23); an annual growth of 1.1% Annual EBITDA (pre IndAS116) of Rs 84 billion (vs Rs 83 billion in FY23); EBITDA margin (pre IndAS116) at 19.7% Akshaya Moondra, CEO, Vodafone Idea Limited, said “We are pleased to report annual revenue and EBITDA (preIndAS) growth for the second consecutive year on the back of consistently improving performance for last several quarters despite significantly lower investments; a clear reflection of our execution capabilities. We registered growth in ARPU and 4G subscribers for 11 successive quarters. Our equity fund raise of ~Rs. 215 billion will enable us to kickstart the investment cycle to expand our 4G coverage as well as launch of 5G services to effectively participate in the industry growth opportunities. We are engaged with our lenders for tying up debt funding towards the execution of our overall network expansion plan.” Result PDF17-05-2024
