Vodafone Idea has reported its financial results for Q2 FY25, showcasing an increase in revenue and a reduction in net losses. Here’s a breakdown of its year-over-year (YoY) and quarter-over-quarter (QoQ) performance.
Revenue Performance
- YoY: The company’s service revenue rose by 1.9% to ₹10,918.1 crore in Q2 FY25 from ₹10,714.6 crore in Q2 FY24, marking a steady improvement.
- QoQ: Compared to ₹10,486.9 crore in Q1 FY25, revenue grew by 4.1% in Q2 FY25, attributed to stronger customer engagement and network enhancements.
Profit / (Loss) After Tax
- YoY: Vodafone Idea’s net loss narrowed to ₹7,175.9 crore in Q2 FY25, compared to ₹8,737.9 crore in Q2 FY24, reflecting a 17.9% reduction.
- QoQ: Sequentially, the net loss also decreased by 11.5%, from ₹6,432.1 crore in Q1 FY25 to ₹7,175.9 crore in Q2 FY25, indicating progress in cost management and operational efficiency.
Akshaya Moondra, CEO of Vodafone Idea Limited, commented on the recent developments: “Post the successful capital raise, we kickstarted our 4G expansion drive on an accelerated trajectory. We expanded 4G data capacity by 14% and 4G population coverage by 22 million, consequently improving our 4G speeds by 18%. In parallel, we worked on finalizing long-term capex contracts and recently awarded capex deals worth USD 3.6 billion to three global partners—Nokia, Ericsson, and Samsung—for network equipment supply over the next three years. On the debt raise, we remain engaged with our lenders to secure funding for network expansion with planned capex of ₹500 to ₹550 billion over the next three years. The impact of recent tariff adjustments is visible in improved ARPUs and revenue for the quarter, though the full effect will reflect over the upcoming quarters. Further tariff rationalization is needed for the industry to fully cover its cost of capital.”
This quarter’s results highlight Vodafone Idea’s efforts to stabilize its financials with a focus on incremental revenue growth and loss reduction, amid challenges in the telecom industry. The company’s accelerated 4G expansion and partnership with global network suppliers underscore its commitment to enhancing network capacity and customer experience.
