Vodafone-Idea posts Rs 11,643 crore in Jan-March quarter loss on AGR, spectrum woes

Though Vodafone Idea performed well on the average revenue per user (Arpu) and revenue growth front during January-March quarter, uncertainty about its viability continues to exist as the Supreme Court has so far not provided any relief on the payment of adjusted gross revenue (AGR) dues to the tune of Rs 58,000 crore. The company acknowledged this fact, stating, “It is to be noted that our ability to continue as going concern is essentially dependent on a positive outcome of the application before the Hon’ble Supreme Court for the payment in instalments and successful negotiations with lenders.”

Another concern for the company during the quarter is the inability to hold on to high paying users with churn rising by 3.3% on a sequential basis.