Voda Idea Q4 loss narrows to Rs 4,881.9 cr; revenue misses street estimate

Merged telecom operator Vodafone Idea reduced losses to Rs 4,881.9 crore compared to Rs 5,004 crore on a sequential basis for the fourth quarter ended in March 31, 2019.

Revenues grew from Rs 11,764 crore to Rs 11,775 crore during the same period, missing Street estimates marginally.

Last quarter’s figures are not comparable with those of March 2018 quarter, as the merger of Idea Cellular and Vodafone India came into effect on August 31, 2018.

Analysts expected revenues to grow 1.5 per cent and loss reduction to Rs 4,200 crore was expected. The average revenue per user (Arpu) was in line with Street estimates, growing 16.3 per cent to Rs 104 in the quarter following benefits from monthly recharge offers.