May 16, 2024Highlights for the Quarter
• Revenue for the quarter stood at Rs. 106.1 billion
• Highest post-merger quarterly EBITDA (pre-Ind AS 116) of Rs. 21.8 billion; grew by 5.4% on YoY basis
• ARPU for the quarter stood at Rs. 146 vs Rs. 135 in Q4FY23; YoY growth of 7.6%
• 4G subscriber base increased to 126.3 million vs 122.6 million in Q4FY23
Highlights for the Year
• Annual revenue of Rs. 426.5 billion (vs Rs. 421.8 billion in FY23); an annual growth of 1.1%
• Annual EBITDA (pre IndAS116) of Rs. 84 billion (vs Rs. 83 billion in FY23); EBITDA margin (pre IndAS116) at 19.7%
Other Significant Updates
• Raised Rs. 180 billion via FPO – the Largest FPO in India which was subscribed ~7 times, a testimony of the trust and confidence that the investors have reposed in brand Vi
• Shareholders approved the equity issuance of Rs. 20.75 billion via Preferential allotment to one entity of ABG (Promoter group) at a price of Rs. 14.87 per equity share
• ATC converted OCDs amounting to Rs. 14.4 billion into equity shares
Financial Highlights
Akshaya Moondra, CEO, Vodafone Idea Limited, said “We are pleased to report annual revenue and EBITDA (pre-IndAS) growth for the second consecutive year on the back of consistently improving performance for last severalquarters despite significantly lower investments; a clear reflection of our execution capabilities. We registered growthin ARPU and 4G subscribers for 11 successive quarters. Our equity fund raise of ~Rs. 215 billion will enable us to kickstart the investment cycle to expand our 4G coverage as well as launch of 5G services to effectively participate in the industry growth opportunities. We are engaged with our lenders for tying up debt funding towards the execution of our overall network expansion plan.”