(20 second reading) Vodafone Idea reported a net loss of Rs 7,674 crore for the Q4 FY2024. The company’s loss widened in the quarter under review from Rs 6,418.9 crore in the year-ago period. Its revenue from operations increased to Rs 10,606 crore from Rs 10,531 crore in the same quarter last fiscal.
VI recently raised Rs 18,000 crore from FPO. The company further mentioned that it is in discussions with banks to raise Rs 25,000 crore and additional non-fund-based facilities of up to Rs 10,000 crore. Its bank exposure has reduced by Rs 34,600 crore.
The company improved its ARPU to Rs 146, up 7.6% on YoY basis from Rs 135 in Q4FY23.
Its equity fundraise of Rs 215 billion will enable us to kickstart the investment cycle to expand its 4G coverage as well as launch of 5G services