VI REPORTED NET LOSS OF Q4 RESULT:
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| VODAFONE IDEA |
Net Loss Reported:
Vodafone Idea reported a net loss of Rs 7,674 crore for the quarter ended 31 March 2024. This represents a widening of its losses compared to Rs 6,418.9 crore in the same quarter of the previous year.
Revenue from Operations:
Revenue from operations for the same quarter increased marginally to Rs 10,606 crore, compared to Rs 10,531 crore in the year-ago period.
Share Performance:
On May 16, shares of Vodafone Idea closed 0.30% lower at Rs 13.15 apiece on BSE.
WHY VI GOT INCREASED LOSSES?
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| NET LOSS OF VI |
Vodafone Idea's losses for the quarter ended March 31, 2024, were due to several contributing factors. Here are some typical reasons that might lead to a telecom company experiencing increased losses:
1. Operational Costs: High operational costs, including maintenance, infrastructure, and employee expenses.
2. Interest and Finance Costs: Debts and interest payments can severely impact profitability. High levels of debt result in significant interest expenses.
3. Competition: Intense competition in the telecom industry, especially from established players like Reliance Jio and Bharti Airtel, may impact revenue and subscriber growth.
4. Regulatory and Compliance Costs: Costs associated with regulatory compliance and spectrum fees can be substantial.
5. Technology Upgrades: The need for continuous investment in technology to stay competitive, including the rollout of new technologies (like 5G), can be expensive.
6. ARPU (Average Revenue Per User) Decline: A lower ARPU can negatively impact revenues. Competitive pricing often leads to reduced ARPUs.
In this specific case, while the exact breakdown of reasons for Vodafone Idea's widened losses is not given, a combination of these factors is typically responsible for such financial performance in the telecom sector.
VI FINANCIAL PERFORMANCE:
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| vi increases compare to previous yoy |
Here is a detailed breakdown of Vodafone Idea's financial performance are
Fourth Quarter of Fiscal Year 2023 (Q4 FY23):
Net Loss:
Reported net loss: Rs 6,418.9 crore
Decreased by 19.6% from the previous quarter's loss of Rs 7,990 crore.
Increased by 2.2% compared to the same period last year.
Revenue:
Revenue: Rs 10,531 crore
Grew by 2.8% YoY.
EBITDA:
EBITDA: Rs 4,210 crore
Declined by 9.4% YoY.
Average Revenue Per User (ARPU):
ARPU: Rs 135
Flat sequentially.
increased by 8.8% YoY.
Subscriber Base:
Total subscribers: 225.9 million
Lost 2.7 million subscribers sequentially.
4G subscribers: 122.6 million
Added 1 million 4G customers sequentially.
Full Fiscal Year 2023:
Revenue:
Revenue: Rs 42,180 crore
Grew by 9.5% YoY (marking the first annual revenue growth since the merger).
Net Loss:
Nets: Rs 28,245.4 crore
Widened by 3.7% YoY.
Summary of Key of points:
Q4 FY23 vs Previous Quarter:
Net loss decreased by 19.6% (from Rs 7,990 crore to Rs 6,418.9 crore).
ARPU remained flat at Rs 135.
Lost 2.7 million subscribers sequentially.
Q4 FY23 YoY (Year-over-Year):
Net loss increased by 2.2% (from the same period last year).
Revenue grew by 2.8%.
Full Fiscal Year 2023 YoY:
Revenue grew by 9.5% (to Rs 42,180 crore).
Net loss widened by 3.7% (to Rs 28,245.4 crore).
This detailed breakdown should give a clear picture of Vodafone Idea's key financial metrics and their performance over the specified periods.
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