Vodafone Idea Narrows Q4 Loss to 7166 Crore Approves 20000 Crore Fundraising Plan

Vodafone Idea reported a reduction in its consolidated net loss to 7166 crore for the fourth quarter of financial year 2025 compared to 7674 crore in the same period last year However the loss widened from 6609 crore in the December 2024 quarter

The companys revenue from operations rose by 38 percent year on year to 11013 crore up from 10606 crore in Q4 FY24 The average revenue per user ARPU also improved significantly to 175 in the March quarter from 153 a year earlier reflecting a 142 percent increase driven by tariff hikes and customer upgrades

Akshaya Moondra CEO of Vodafone Idea stated that the quarter marked a turnaround for the company showing the highest average daily revenue in the past five years and a notable reduction in subscriber loss He added that with ongoing investments Vodafone Idea is positioned to benefit from industry growth opportunities The company is also in discussions with lenders to secure debt financing to support its planned capital expenditure of 50000 to 55000 crore

For the full fiscal year FY25 Vodafone Ideas net loss narrowed to 27383 crore from 31238 crore in the previous year Annual revenue grew by 21 percent to 43571 crore

Vodafone Idea confirmed that its financial statements have been prepared on a going concern basis The company also noted the recent increase in the Government of Indias shareholding to 49 percent following the conversion of spectrum dues into equity The promoter groups holding now stands at 256 percent although they continue to retain operational control of the company

Despite the Supreme Court recently dismissing Vodafone Ideas plea for relief on adjusted gross revenue AGR dues the company said it remains in dialogue with the government to find a viable solution based on projected cash flows

To support its revival and investment plans Vodafone Ideas board of directors approved a fundraising plan of up to 20000 crore The capital may be raised in one or more tranches through various instruments including public or private placements qualified institutions placements equity shares convertible securities global depository receipts American depository receipts bonds and debentures

The companys Capital Raising Committee has been tasked with evaluating and finalizing the appropriate method for the fundraising

On the stock market Vodafone Idea shares closed 322 percent lower at 692 per share on the Bombay Stock Exchange on Friday