Vodafone Idea's situation worsened, lack of Rs 25460 crore

by Jeremy Spirogis
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New Delhi. Vodafone Idea incurred an enormous lack of Rs 25460 crore within the April-June quarter. This contains Exceptional Loss of Rs 19,923.20 crore. This extraordinary deficit contains integration and merger associated prices, provision, license charge, AGR (adjusted gross income) and one-time spectrum charge together with curiosity. Explain that in the identical quarter final 12 months, Vodafone Idea had a lack of Rs 4,873.90 crore, whereas within the March quarter it had a lack of Rs 11,269.9 crore. The firm's revenue additionally declined by 5.42 per cent to Rs 10,659.30 crore.

Decrease in ARPU

Vodafone's ARPU additionally decreased. <! –

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Vodafone's ARPU stood at Rs 114 as towards Rs 121 within the March quarter. Explain that for any telecom firm, ARPU (Average Income per Consumer) is an important factor. This has an ideal impression on the revenue and revenue of the telecom firm. On the weak outcomes, its MD and CEO Ravindra Thakkar stated that the primary quarter of 2020-21 was fairly difficult. He says retailer closures and financial slowdown within the lockdown affected prospects' capacity to recharge.

The firm has a debt of over 1 lakh crore rupees

The gross debt (excluding lease liabilities) on Vodafone is Rs 1,18,940 crore, together with AGR of Rs 92,270 crore to be paid to the federal government. The firm has money and money equivalents of Rs 3,450 crore and internet debt of Rs 1,15,500 crore, which stood at Rs 1,12,520 crore as of March quarter. The firm introduced its outcomes after the inventory market closed. Earlier today, the corporate's inventory closed 0.72 % down at Rs 8.25. On the opposite hand, the BSE Sensex rose 0.96 % to shut at 38,025.

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