Vodafone Idea Q2 Result: Telco reports net loss of Rs 7,132.3 cr; net debt at Rs 1.9 lakh cr
Vodafone Idea's revenue for the July-September quarter was Rs 9,410 crore, an improvement of 2.8 per cent QoQ. EBITDA for the quarter improved to Rs 3,860 crore, up 4.2 per cent QoQ.
Q2FY22 Quarterly Result Announced for Vodafone Idea Ltd.
Highlights: Revenue grew by 2.8% QoQ to Rs. 94.1 billion supported by the gradual resumption of economic activity post severe second wave of COVID, which had negatively impacted Q1 Continued network capacity expansion supported by spectrum refarming and network upgrade to 4G Vi powered by GIGAnet is India’s fastest mobile network as verified by Ookla® VIL has the best voice quality for 9 out of 11 months between November 2020 and September 2021, as per TRAI ‘MyCall’ App Cost optimization underway with 80% savings achieved as of Q2FY22 on a run rate basis against a target of Rs. 40 billion annualized opex savings Government announced a comprehensive reform package for the telecom sector on September 15, 2021 which will have a significant positive impact on the telecom sector Revenue for the quarter was Rs. 94.1 billion, an improvement of 2.8% QoQ, aided by pick up in the economic activities and easing of lockdown/restrictionsinduced by severe second wave of COVID, which impacted Q1FY22. On a reported basis, EBITDA for the quarter improved to Rs. 38.6 billion, up 4.2% QoQ, aided by improvement in revenue which was partially offset by increase in customer acquisition costs due to higher gross additions during the quarter and other inflationary cost increases. EBITDA margins were 41.1% vs 40.5% in Q1FY22. EBITDA excluding IndAS 116 impact was Rs. 15.6 billion, compared to Rs. 13.8 billion in Q1FY22. Capex spend for Q2FY22 was Rs. 13.0 billion vs Rs. 9.4 billion in Q1FY22. The total gross debt (excluding lease liabilities and including interest accrued but not due) as of September 30, 2021 stands at Rs. 1,947.8 billion, comprising of deferred spectrum payment obligations of Rs. 1,086.1 billion, AGR liability of Rs. 634.0 billion that are due to the Government and debt from banks and financial institutions of Rs. 227.7 billion. Cash & cash equivalents were Rs. 2.5 billion and net debt stood at Rs. 1,945.3 billion. Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said “We welcome the Government’s landmark reform package which addresses several industry concerns and provides immediate relief to the financial stress in the sector. We also appreciate the Government’s recognition of the telecom sector’s contribution in keeping the country connected during the pandemic. During the last quarter, we witnessed a recovery in our operating momentum as the economy has started to gradually open up aided by the ongoing rapid vaccination drive. We continue to improve our 4G subscriber base on the back of superior data and voice experience on Vi GIGAnet, India’s fastest mobile network, which is testified through consistent top rankings in Ookla and TRAI. We continue to focus on executing our strategy to improve our competitive position and win in the marketplace.” Result PDF Vodafone Idea Ltd - 532822 - Quarterly Report On The Performance For The Second Quarter And Half Year Ended 30 September 2021
Quarterly Report being issued on the performance of the Company for the second quarter and half year ended 30 September 2021. Vodafone Idea Ltd - 532822 - Clarification sought from Vodafone Idea Ltd
The Exchange has sought clarification from Vodafone Idea Ltdon November 12, 2021, with reference to news appeared in www.livemint.com dated November 12, 2021 quoting "Vodafone Idea may get SBI loan after India offers relief."The reply is awaited. Vodafone Idea Ltd - 532822 - Unaudited Financial Results For The Second Quarter Ended 30Th September 2021
Vodafone Idea Limited has submitted Unaudited Financial Results for the second quarter and half year ended 30th September 2021 Vodafone Idea Ltd - 532822 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Vodafone Idea Limited has informed the Exchange regarding analysts / investor conference call to be held on 15 November 2021, on the Company''s performance for second quarter and half year ended 30 September 2021 Vodafone Idea Ltd - 532822 - Board Meeting Intimation for Consideration Of Financial Results
Vodafone Idea Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2021 ,inter alia, to consider and approve Un-audited financial results of the Company for the second quarter and half year ended 30th September 2021
Nokia claims top 5G speed of 9.85 Gbps on Vi network during trial
Telecom gear maker Nokia India on Wednesday claimed to have recorded a top speed of 9.85 Gigabit per second on Vodafone Idea network during the ongoing 5G trials. The company has achieved the top speed in back end data transmission, which means connecting mobile base stations network, during the trials in Gandhinagar, Gujarat. "Together with Vi, we achieved 9.85 Gbps of backhaul capacity using E-band microwave in 80 GHz spectrum, unlocking the potential of deploying 5G," Nokia India said in a tweet. The high frequency zone of E band is proposed to be used to connect mobile networks in the back end and data speed in these bands are expected to match the transmission levels of optical fibers. "We are delighted to partner with Vi in trials to deliver 5G services by connecting smallcells & macrocells with fiber-like speed through E-Band, in areas where fiber is challenging to deploy," Nokia said. In September,Vodafone Idea had claimed to have recorded a peak speed of 3.7 Gbps, highest
AGR dues: Vodafone Idea board approves deferment of payment by 4 years
The government had asked telcos to inform it by 29 October whether they wanted to opt for the four-year moratorium. Vodafone Idea Ltd - 532822 - Deferment Of AGR Dues
The Board of Directors of the Company has approved the exercise of the option of deferment of the Company's AGR related dues by a period of four years with immediate effect, in accordance with DoT notification.