Kolkata: Vodafone Idea’s net loss for the fiscal second quarter widened sequentially to Rs 7,592.5 crore from Rs 7,295.7 crore, on the back of higher finance, operating costs even as it continued heavy subscriber losses.
Quarterly revenue for the cash-strapped telco rose almost 2% sequentially to Rs 10,614.6 crore in the July-September quarter from Rs 10,410 crore in the previous one, helped by the addition of 4G users who consumed more data, pushing average revenue per user (ARPU) higher.
Its bottomline was largely supported by lower spectrum usage charges (SUC).
“We continue to remain engaged with our lenders and investors for further fund raising to make required investments for network expansion and 5G rollout,” Vi’s CEO Akshaya Moondra said in a statement.
Managing director Gopal Vittal said in a statement Monday that low ROCE (return on capital employed) remained a matter of concern, and that there was a need for tariff correction.
Vi’s average revenue per user (ARPU) – a key performance metric — arose sequentially to Rs 131 from Rs 128 in the June quarter.
Vi shares closed 0.12% higher at Rs 8.57 on BSE Friday. The results were announced after market hours Thursday.
The company’s net worth stood at a negative Rs 76,416.8 crore.
