Vodafone Idea (Vi), a major telecommunications company, reported a consolidated net loss of ₹6,609 crore for the December quarter (Q3 FY25). This reflects an improvement from the ₹6,986 crore loss recorded in the same period last year. According to the company’s financial results, which were made public on Tuesday, losses were lower than they were in the prior quarter.
Revenue Growth Driven by Higher ARPU
Vodafone Idea’s revenue from operations for Q3 FY25 reached ₹11,117 crore, reflecting a 4% year-on-year growth from ₹10,673 crore in the same quarter of the previous financial year. From ₹10,932 crore in Q2 FY25, revenue climbed 11.7 percent on a sequential basis.
The rise in Average Revenue Per User (ARPU), which does not include Machine-to-Machine (M2M) connections, was the main driver of this growth. During the quarter, the ARPU increased by 4 points to 173 from ₹166 the previous quarter.
Financial Highlights
- Net Loss: ₹6,609 crore (Q3 FY25) vs. ₹6,986 crore (Q3 FY24)
- Revenue: ₹11,117 crore, up 4% YoY
- Cash EBITDA: ₹2,450 crore, marking a 5.4% sequential growth, the highest since the merger
- Subscriber Base: 199.8 million, with 126 million 4G subscribers
- Bank Debt: ₹2,330 crore as of December 31, 2024
CEO’s Statement
Akshaya Moondra, CEO of Vodafone Idea Limited, expressed optimism about the company’s progress. “We are driving investments, and the velocity of capex deployment is set to accelerate in the coming quarters. The phased rollout of 5G services is underway, targeting key geographies,” he said.
He highlighted that the company achieved its highest quarterly cash EBITDA since the merger, registering a 15% year-on-year growth. “With our intensifying investments, we anticipate further improvement in both operational and financial performance,” Moondra added.
Future Plans and Investments
For its planned network expansion, Vodafone Idea is negotiating with lenders to obtain debt financing. Over the next three years, the company hopes to invest between ₹50,000 and 55,000 crore.
“The government’s decision on the bank guarantee waiver underscores its ongoing support for the telecom sector—a critical pillar of Digital India’s future,” Moondra noted, emphasizing the government’s role in supporting telecom growth.
