Vodafone Idea Limited today reported the financial results for Q1 FY 22 reporting a net loss of Rs 7312.9 crore, up from Rs 6985.1 crore in the preceding quarter. VIL’s revenue came down from Rs 9607.6 crore in the preceding quarter to Rs 9152.3 crore in Q1 FY 22. The EBDITA for the quarter ending June 30th, 2021 stood at Rs 3707.7 crore, down from Rs 4408.7 crore in the preceding quarter.
VIL witnessed a subscriber churn of 3.5% in Q1 FY 22 vs 3.0% in Q4 FY 21 while ARPU declined to Rs 104 from Rs 107 in the preceding quarter. The data volumes continued to grow with a strong growth of 13.2% QoQ driven by higher data demand during the quarter. Vi saw data usage per broadband subscriber surging from 12.8 GB per month in Q4 FY 21 to 14.6 GB per month in Q1 FY 21.
Vi’s subscriber base declined by 12.3 million impacted by reduced gross additions during the quarter. The subscriber base stands at 255.4 million in Q1 FY 22 vs 267.8 million in Q4 FY 21. The company’s 4G subscriber base however remained constant at 112.9 million vs 113.9 million in Q4 FY 21.
“The severe second wave of COVID caused significant disruptions and slowdown in economic activities. During these challenging times, VIL continued to serve its customers and community at large by providing seamless connectivity as well as maintaining superior quality of services. Vi GIGAnet’s superior network experience on both data and voice, is testified through top rankings in independent external reports. We continue to focus on executing our strategy to keep our customers ahead, and our cost optimization plan remains on track to deliver the targeted savings. We are in active discussion with potential investors for fund raising, to achieve our strategic intent.”
Ravinder Takkar, MD & CEO, Vodafone Idea Limited