Vodafone Concept Restricted (VIL) launched its efficiency outcomes for Q1 FY25 on Monday. To examine the complete outcomes, you’ll be able to consult with the hyperlink beneath. Right here, we are going to focus on the web debt of the corporate. Vodafone Concept’s debt in direction of the federal government and banks rose in Q1 FY25. On the finish of This autumn FY24, this was in a lowering development. Debt rising for the corporate is not too dangerous whether it is at average ranges within the brief time period. Nonetheless, it’s nonetheless one thing one mustn’t overlook.
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Vi mentioned, “complete debt from banks and monetary establishments stood at Rs. 46.5 billion and Optionally Convertible Debentures at Rs. 1.6 billion as of June 30, 2024.”
To offer you a comparability, the entire debt of the telecom operator from banks and monetary establishments on the finish of This autumn FY24 was Rs 40.4 billion. So this has gone up by Rs 6.1 billion or moderately Rs 610 crore. The federal government debt additionally shot up. On the finish of This autumn FY24, the debt in direction of the federal government was Rs 2,034.3 billion. On the finish of Q1 FY25, this turned Rs 2,095.2 billion. The money and financial institution steadiness stood at Rs 181.5 billion for Vi on the finish of the June 2024 quarter.
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What was not good was a dip in general revenues, regardless that it was a marginal discount, it does not look good. The tariff hikes which occurred at first of the September 2024 quarter will assist enhance revenues from 4G subscribers. The telco’s 4G subscriber base has to rise considerably within the coming months to garner a bigger pie of the income market share.
Vi’s lack of 5G may very well be one of many the explanation why customers are leaving the telco’s networks. It might be attention-grabbing to see when Vi begins rolling out 5G commercially and if the debt goes up even additional within the coming quarters.
