Vodafone Idea reports net revenue of Rs 10,614.6 crore, linked to Rs 10410.10 Crore in Q1FY23, resulting in a QoQ growth of 1.96%. The company reported an EBITDA of Rs 4097.50 crore compared to Rs 4328.40 Crore of the quarter that ended June, showing a QoQ fall of 5.33%. 

The EBITDA margin was down to 38.6% in Q2FY23 compared to 41.6% in Q1FY23. The company stated a loss in net profit of Rs 7595.50 crore in Q2FY23 compared to a loss of Rs 7296.70 crore in Q1FY23.

Akshaya Moondra, the CEO of Vodafone Idea Limited, said, “We are hopeful to report the fifth consecutive quarter of revenue progress and 4G subscriber participation. This performance is sorely driven by the continued rise in the 4G subscriber base supported by superior data and voice experience given by Vi GIGAnet. The newest IMC report shows a wide range of 5G offerings for our enterprise and users on the Vi 5G network. Our board has approved the issuance of Optionally Convertible Debentures that amounts to Rs 16 billion to ATC India.”

The company mentioned that the “Board approved the issuance of Optionally Convertible Debentures (OCDs) worth Rs 16 billion to ATC Telecom Infrastructure Private Limited subject to conditions applied.”

The ARPU for this quarter rose 19.5% year on year to Rs 131 from Rs 128 in Q1FY23. Due to Vi GIGAnet’s excellent data idea, the number of 4G subscribers hiked to Rs 120.6 million. According to the TRAI “MyCall” app data, Vi endures delivering the best voice quality for 20 out of the 23 months from November 2020 to September 2022.