One of the important thing participant within the telecom race, Vodafone Idea (Vi) on Wednesday introduced its fiancial efficiency report for the quarter ending September 30, 2024. The firm introduced the Q2FY25 incomes via a regulatory submitting.
The telecom large, in secong quarter of the fiscal yr 2025, made progress in narrowing its losses in comparison with the identical interval final yr.
Financial Performance
In the September quarter of FY25, Vodafone Idea managed to cut back its web loss to Rs 7,176 crore, an enchancment from the Rs 8,738 crore loss recorded in the identical interval final yr.
Consolidated Financial Overview
The firm reported a complete revenue of Rs 11,232.2 crore, up from Rs 10,750.8 crore within the year-ago interval, marking a 4.6 per cent development. Coming to the entire bills which is a key a part of the monetary sheet, the telecom main posted a complete bills of Rs 18,400 crore, in comparison with Rs 18,669.8 crore final yr.
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The consolidated web loss after tax was Rs 7,176 crore, a discount from Rs 8,738 crore year-over-year (YoY).
Standalone Financial Snapshot
On a standalone foundation, which gives a targeted view on core operations:
The complete Income of the corporate elevated marginally to Rs 11,453 crore from Rs 10,671 crore YoY. Furthermore, the entire bills lowered to Rs 18,354 crore, a lower from Rs 18,577 crore within the prior yr.
The web lack of the telecom operator narrowed to Rs 7,095 crore, in comparison with Rs 8,727 crore in the identical quarter final yr.
Shares and Market Reaction
Vodafone Idea’s shares ended the day on on Rs 7.39 apiece, a drop of three.65 per cent.
