Vodafone Share Update Vodafone Idea announced its quarterly results yesterday. On Friday, the company said that it has faced a loss in the last quarter of March 2023. The impact of the company’s results is fully visible in the market today.
Vodafone Idea is an Indian telecom company. Vodafone Idea Company announced its quarterly results yesterday, in which the company reported a reduction in late losses in the results for the quarter ending March 2023. This had an impact on the stock market on the morning of 26 May 2023 (Friday). Today, the share price of Vodafone Idea has increased by 2 percent. The price of one share of this company increased by 2.71 percent to 7.18 rupees on BSE. At the time of writing, the price of one share of Vodafone Idea was Rs 7.10.
Vodafone Quarterly Results
The telecom operator reported a net loss of Rs 6,418.9 crore in Q4FY23, which was lower than a loss of Rs 6,563 crore in the same period last year. However, the company’s revenue increased by 3 percent to Rs 10,532 crore from Rs 10,239 crore.
The EBITA margin of the company has also seen an increase. The company’s EBITDA margin is at 40 percent, which was 39 percent in the December quarter. During the quarter of the company, the finance cost also decreased.
Vodafone Idea’s average revenue per user (ARPU) has increased to Rs 135 from Rs 124 a year ago, due to which customers are migrating to higher ARPU plans.
The decline in the company’s EBITDA
The company’s earnings before interest, tax, depreciation, and amortization (EBITDA) in Q4FY23 fell to Rs 4,210 crore from Rs 4,649 crore in the quarter. Vodafone Idea’s Q4FY23 performance was weak with muted ARPU and losses. It remains the weakest private telecom operator in the country.
The company needs capitalization to repay its loans. Due to more loans, the company’s expenses and market share are also decreasing. It is believed that the launch of 5G may lead to higher ARPU and an increase in postpaid subscribers.
