Revenue for the quarter stood at INR 106.2 billion. On a YoY basis, revenue growth is strong at 9.3% aided by improvement in subscriber mix, tariff intervention and 4G subscriber additions. On a reported basis, EBITDA for the quarter stands at INR 41.8 billion and EBITDA margins at 39.4%. EBITDA for the quarter, excluding Ind AS 116 impact, is
INR 20 billion compared to INR 21.2 billion in Q2FY23, primarily due to higher charge on account of customer acquisition costs and higher network expenses partially offset by the savings in spectrum usage charges.
CAPEX spend for the quarter stands at INR 7.5 billion vs INR 12.1 billion in Q2FY23. The total gross debt (excluding lease liabilities and including interest accrued but not due) as of December 31, 2022 stands at INR 2,228.9 billion, comprising of deferred spectrum payment obligations of INR 1,398 billion and AGR liability of INR 699.1 billion that are due to the Government, and debt from banks and financial institutions of INR 131.9 billion. With Cash & cash equivalents of INR 1.6 billion, the net debt stands at INR 2,227.3 billion.
Meanwhile, ARPU improved to INR 135, up 3.3% QoQ vs INR 131 in Q2FY23. On a YoY basis, ARPU witnessed strong growth of 17.4% aided by tariff hikes and migration of subscribers to unlimited plans. The 4G subscriber base continued to grow and wit 1 million 4G customers added in Q3, 4G subscriber base now stands at 121.6 million, though the overall subscriber base declined to 228.6 million vs 234.4 million in Q2FY23. We continue to see high data usage per broadband customer at ~15.1 GB/month with the total data traffic witnessing sequential growth of 0.8%