{"id":142381,"date":"2023-02-21T07:49:43","date_gmt":"2023-02-21T12:49:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=142381"},"modified":"2023-02-21T07:49:45","modified_gmt":"2023-02-21T12:49:45","slug":"vodafone-idea-net-loss-widened-to-inr-7990-crores-in-q3fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vodafone-idea-net-loss-widened-to-inr-7990-crores-in-q3fy23\/","title":{"rendered":"Vodafone Idea net loss widened to INR 7990 Crores in Q3FY23"},"content":{"rendered":"\n<p class=\"has-text-align-justify\">Telecom firm Vodafone Idea&#8217;s net loss widened to INR 7,990 crore in the quarter ended December 31, 2022 as against INR 7,595.5 crore in the year-ago period. The company&#8217;s revenue rose 9% to INR 10,621 crore in Q3FY23 as compared to INR 9,717 crore in Q3FY22. ARPU (average revenue per user) for the quarter stood at INR 135 vs INR 131 in Q2FY23 and INR 115 in Q3FY22, a YoY growth of 17.4%.<\/p>\n\n\n\n<p class=\"has-text-align-justify\">Akshaya Moondra, CEO, Vodafone Idea Limited, said: \u201cWe are pleased to report sixth consecutive quarter of revenue growth and 4G subscriber addition on the back of superior data and voice experience offered by Vi GIGAnet. We have issued equity shares to the Government of India recently, consequent to conversion of the interest related to deferment of spectrum and AGR dues into equity. Separately, our board has approved issuance of Optionally Convertible Debentures amounting to INR 1,600 crore to ATC India. With these positive developments, we continue to remain engaged with our lenders for further debt fund raising as well as with other parties for equity or equity linked fund raising, to make required investments for network expansion and 5G rollout.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-justify\">The company&#8217;s board approved Murthy GVAS as interim CFO with effect from February 15. On Tuesday, the company&#8217;s scrip on BSE closed trading 1.2% lower at INR 7.75. Earlier this month, debt-ridden Vodafone Idea approved the allotment of equity shares worth INR 16,133 crore to the government, which post-allocation has become the largest shareholder with a 33.44 per cent stake in the company.<\/p>\n\n\n\n<p>The shares have been allocated to the government in lieu of conversion of interest dues arising from deferment of adjusted gross revenue and spectrum auction payments, the company said in a regulatory filing. The government cleared conversion of INR 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"804\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-804x1024.png\" alt=\"\" class=\"wp-image-142382\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-804x1024.png 804w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-235x300.png 235w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-768x978.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-1206x1536.png 1206w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088-1608x2048.png 1608w\" sizes=\"auto, (max-width: 804px) 100vw, 804px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Telecom firm Vodafone Idea&#8217;s net loss widened to INR 7,990 crore in the quarter ended December 31, 2022 as against INR 7,595.5 crore in the year-ago period. The company&#8217;s revenue rose 9% to INR 10,621 crore in Q3FY23 as compared to INR 9,717 crore in Q3FY22. ARPU (average revenue per user) for the quarter stood [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":142382,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,8],"tags":[615,8234,8981],"class_list":["post-142381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-technology-stocks","tag-5g","tag-telecom-equipment","tag-telecom-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/2f59dc92-1a34-4299-8a7d-49ea1998b088.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140523,"url":"https:\/\/alphastreet.com\/india\/tata-teleservices-net-loss-narrowed-to-inr-280-crores-in-q3fy23\/","url_meta":{"origin":142381,"position":0},"title":"Tata Teleservices net loss narrowed to INR 280 crores in Q3FY23","author":"Chirag Gupta","date":"February 8, 2023","format":false,"excerpt":"Tata Teleservices (Maharashtra) narrowed net loss to INR 279.79 crore on year in the fiscal third quarter on the back of lower operating expense, and marginally lower finance costs and depreciation. Net loss for the same quarter last fiscal was INR 302.30 crore. The company, which announced its December quarter\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/b70b661e-3308-4965-a377-af146c48b785.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141595,"url":"https:\/\/alphastreet.com\/india\/tata-teleservices-reported-a-net-loss-of-inr-280-crores-in-q3fy23\/","url_meta":{"origin":142381,"position":1},"title":"Tata Teleservices reported a net loss of INR 280 crores in Q3FY23","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Tata Teleservices (Maharashtra) narrowed net loss to INR 279.79 crore on year in the fiscal third quarter on the back of lower operating expense, and marginally lower finance costs and depreciation. Net loss for the same quarter last fiscal was INR 302.30 crore. The company, which announced its December quarter\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142385,"url":"https:\/\/alphastreet.com\/india\/vodafone-idea-reported-net-loss-of-inr-7990-crores-in-q3fy23\/","url_meta":{"origin":142381,"position":2},"title":"Vodafone Idea reported net loss of INR 7990 crores in Q3FY23","author":"Chirag Gupta","date":"February 21, 2023","format":false,"excerpt":"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%. 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Financial Results: The company reported a decline of 2.32% YoY in revenue from operations which stood at INR 671.9 crore in the third quarter of FY23, as compared to INR 687.90 crore in the year-ago quarter. In the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/nutritional-supplement-2358477_1280-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/nutritional-supplement-2358477_1280-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/nutritional-supplement-2358477_1280-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/nutritional-supplement-2358477_1280-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/nutritional-supplement-2358477_1280-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":142411,"url":"https:\/\/alphastreet.com\/india\/metropolis-healthcare-limited-q3fy23-earnings\/","url_meta":{"origin":142381,"position":4},"title":"Metropolis Healthcare Limited Q3FY23 Earnings","author":"Karan_Singh","date":"February 21, 2023","format":false,"excerpt":"Metropolis Healthcare Limited is among the leading diagnostic companies in India. The company has a great geographical presence across nations including India, the Middle East, Africa, and South Asia. Financial Results: In the third quarter of FY23, the company suffered a drop of 12.77 percent YoY in net profits from\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1345489729.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":135247,"url":"https:\/\/alphastreet.com\/india\/indus-tower-q2fy23-results-out-net-profit-plummets-by-44\/","url_meta":{"origin":142381,"position":5},"title":"Indus Tower Q2FY23 results out: Net profit plummets by 44%","author":"Chirag Gupta","date":"October 28, 2022","format":false,"excerpt":"On Thursday, Indus Tower reported a weak financial performance for the September quarter which can be attributed to collection challenges faced by the company from its clients. In the September quarter, the company\u2019s consolidated net profit fell 44% year-on-year to INR 872 crore, whereas its revenue from operations rose 16%\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=142381"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/142381\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/142382"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=142381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=142381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=142381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}