
[ad_1]
NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Thursday reported widening of loss to Rs 7,675 crore in the March quarter amid rise in interest and financing cost. The company had registered a loss of Rs 6,419 crore in the year-ago period.
The consolidated revenue of operations remained almost flat about Rs 10,607 crore during the reported quarter.For the year ended March 31, 2024, Vodafone Idea (VIL) posted widening of loss to Rs 31,238 crore from Rs 29,301 crore a year ago. The annual revenue from operations was marginally higher by 1% to Rs 42,651.7 crore from Rs 42,177 crore in 2022-23.
Average revenue per user (ARPU) of the company grew 7.6 per cent on a year-over-year basis to Rs 146. “We are in discussions with consortium of banks to raise up to Rs 25,000 crore and an additional non-fund based facilities of up to Rs 10,000 crore,” the company said.
The consolidated revenue of operations remained almost flat about Rs 10,607 crore during the reported quarter.For the year ended March 31, 2024, Vodafone Idea (VIL) posted widening of loss to Rs 31,238 crore from Rs 29,301 crore a year ago. The annual revenue from operations was marginally higher by 1% to Rs 42,651.7 crore from Rs 42,177 crore in 2022-23.
Average revenue per user (ARPU) of the company grew 7.6 per cent on a year-over-year basis to Rs 146. “We are in discussions with consortium of banks to raise up to Rs 25,000 crore and an additional non-fund based facilities of up to Rs 10,000 crore,” the company said.
[ad_2]
Source link