Overview
- Consolidated net loss fell to Rs 5,524.2 crore for July–September as revenue rose 2.4% year-on-year to about Rs 11,190–11,195 crore.
- Average revenue per user increased 8.7% to Rs 180, while the subscriber base declined 4% to roughly 196.7 million.
- Finance cost declined 27% to Rs 4,784.4 crore, helped by a reduction in bank debt to about Rs 1,53x crore.
- Total debt stood near Rs 2.02 lakh crore, with the company noting a first AGR installment of Rs 16,428 crore due in the current fiscal.
- The Supreme Court permitted the government to reconsider additional AGR demands up to FY2016-17, and VIL said it is discussing next steps with the DoT and lenders after Q2 capex of Rs 1,750 crore and a 5G rollout across 17 circles with service in 29 cities.