Q3FY22 Quarterly Result Announced for Vodafone Idea Ltd.
Telecom Services company Vodafone Idea declares Q3FY22 result: Revenue grew to Rs. 97.2 billion, a QoQ growth of 3.3% supported by several tariff interventions including tariff hikes effective November 25, 2021 ARPU for the quarter stands at Rs. 115 vs Rs. 109 in prior quarter, a QoQ increase of 5.2% EBITDA (pre Ind AS 116) improved to Rs. 16.2 billion, compared to Rs. 14.1 billion in Q2FY22 (post adjustment for one-off of Rs. 1.5 billion in Q2) Continued network capacity expansion supported by spectrum refarming and network upgrade to 4G Vi GIGAnet continued to offer superior network experience on both, data and voice, as reflected in independent external reports Achieved 90% of targeted opex savings on run rate basis in Q3FY22 against Rs. 40 billion annualized opex savings target Opted for upfront conversion of the interest arising on the deferred spectrum and AGR instalments into equity Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said “We are pleased to announce second consecutive quarter of revenue growth driven by several tariff interventions taken in last few months. While the overall subscriber base has declined as a result of the tariff interventions, the 4G subscriber base remained resilient on the back of superior data and voice experience offered by Vi GIGAnet. We remain focused on executing our strategy to improve our competitive position and win in the marketplace. Separately, we have opted for upfront conversion of interest arising from deferment of spectrum and AGR dues into equity.” Result PDF24-01-2022
