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Vodafone Idea Narrows Q2 Loss as ARPU Climbs and 5G Footprint Expands

A Supreme Court move to let the government revisit additional AGR demands sets up a reassessment of legacy dues.

Overview

  • The July–September net loss came in at Rs 5,524.2 crore versus Rs 7,175.9 crore a year earlier as revenue rose 2.4% to about Rs 11,190 crore.
  • ARPU increased to Rs 180 from Rs 166 year on year, supported by customer upgrades and tariff increases.
  • Reported EBITDA reached Rs 4,690 crore and cash EBITDA was Rs 2,250 crore, while finance cost declined 27% year on year on reduced bank debt.
  • The company reported 196.7 million subscribers, including 127.8 million on 4G/5G, with Vi 5G live in 29 cities across all 17 priority circles.
  • Quarterly capex was Rs 1,750 crore and H1 capex Rs 4,200 crore, total consolidated debt was reported at about Rs 2.03 lakh crore, and Vi is discussing next steps with DoT after the AGR reconsideration order.