On consolidated basis
Quarter ended December
2024 compared with Quarter ended December 2023.
Net sales (including other operating income) of Vodafone Idea has increased
4.16% to Rs 11117.3 crore.
Operating profit margin
has jumped from 40.76% to 42.39%, leading to 8.32% rise in operating profit to
Rs 4,712.40 crore. Employee cost decreased from 5.09% to 4.94%.
Other expenses fell from 54.13% to 52.67%. Selling and
administration expenses fell from 11.38% to 10.07%. Telecommuncation
charges rose from 31.70% to 31.88%.
Other income rose
902.01% to Rs 249.5 crore. PBIDT rose 13.41% to Rs 4961.9
crore. Provision for interest fell 8.87% to Rs 5939.9
crore.
PBDT rose 54.36% to Rs
978 crore. Provision for depreciation rose 0.54% to Rs 5628.8
crore.
Loss before tax has
fallen 14.65% to Rs -6,606.80 crore. Share of profit/loss were nil
in both the periods. Provision for tax was debit of Rs 2.5 crore,
compared to credit of Rs 0.8 crore. Effective tax rate was negative
0.04% compared to 0.01%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company increased 5.39% to Rs -6,609.30 crore.
Promoters’ stake was
38.80% as of 31 December 2024 ,compared to 50.36% as of 31 December 2023
.
Year-to-date (YTD) results analysis.
Net sales (including other operating
income) of Vodafone Idea has increased 1.60% to Rs 32557.8 crore.
Operating profit margin
has jumped from 39.91% to 41.36%, leading to 5.29% rise in operating profit to
Rs 13,466.90 crore. Employee cost increased from 4.93% to 5.16%.
Other expenses fell from 55.11% to 53.47%. Selling and
administration expenses fell from 11.46% to 10.40%.
Telecommuncation charges fell from 32.77% to 32.30%.
Other income rose
898.51% to Rs 805.8 crore. PBIDT rose 10.89% to Rs 14272.7
crore. Provision for interest fell 7.25% to Rs 18072.1
crore.
PBDT rose 42.56% to Rs
3799.4 crore. Provision for depreciation fell 2.85% to Rs 16401.9
crore.
Loss before tax has
fallen 14.02% to Rs -20,201.30 crore. Share of profit/loss was
93.10% higher at Rs -0.2 crore. Provision for tax was expense of Rs
15.8 crore, compared to Rs 819.9 crore. Effective tax rate was
negative 0.08% compared to negative 3.60%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company increased 14.20% to Rs -20,217.30 crore.
Promoters’ stake was
38.80% as of 31 December 2024 ,compared to 50.36% as of 31 December 2023
.
Full year results analysis.
Net sales (including other operating income) of Vodafone Idea has increased
1.13% to Rs 42651.7 crore.
Operating profit margin
has jumped from 39.87% to 40.15%, leading to 1.84% rise in operating profit to
Rs 17,126.00 crore. Purchase of finished goods cost rose from 0.02%
to 0.04%. Employee cost increased from 4.42% to 4.98%. Other
expenses fell from 55.68% to 54.83%. Selling and administration
expenses rose from 10.95% to 11.36%. Telecommuncation charges fell
from 33.14% to 32.66%.
Other income fell 63.64%
to Rs 113.2 crore. PBIDT rose 0.65% to Rs 17239.2
crore. Provision for interest rose 10.32% to Rs 25765.5
crore. Loan funds rose to Rs 243,809.00 crore as of 31 March 2024
from Rs 237,766.00 crore as of 31 March 2023. Inventories declined
from Rs 16.30 crore as of 31 March 2023 to Rs 1.20 crore as of 31 March
2024. Sundry debtors were higher at Rs 2,194.80 crore as of 31 March
2024 compared to Rs 2,164.00 crore as of 31 March 2023. Cash and
bank balance declined from Rs 855.40 crore as of 31 March 2023 to Rs 536.20
crore as of 31 March 2024. Investments declined from Rs 5.80 crore
as of 31 March 2023 to Rs 0.50 crore as of 31 March 2024.
PBDT fell 36.95% to Rs
8526.3 crore. Provision for depreciation fell 1.81% to Rs 22633.5
crore. Fixed assets declined from Rs 60,121.40 crore as of 31 March
2023 to Rs 52,814.80 crore as of 31 March 2024. Intangible assets
declined from Rs 114,010.20 crore to Rs 105,499.10 crore.
Profit before tax down
6.44% to Rs -31,159.80 crore. Provision for tax was expense of Rs
828.6 crore, compared to Rs 3.5 crore. Effective tax rate was
negative 2.72% compared to negative 0.01%.
Minority interest was
nil in both the periods. Net profit attributable to owners of the
company decreased 6.61% to Rs -31,238.40 crore.
Equity capital increased
from Rs 48,679.70 crore as of 31 March 2023 to Rs 50,119.80 crore as of 31
March 2024. Per share face Value remained same at Rs
10.00.
Promoters’ stake was
48.91% as of 31 March 2024 ,compared to 50.36% as of 31 March 2023
.
Cash flow from operating
activities increased to Rs 20,826.10 crore for year ended March 2024 from Rs
18,868.70 crore for year ended March 2023. Cash flow used in
acquiring fixed assets during the year ended March 2024 stood at Rs 1,613.90
crore, compared to Rs 3,942.20 crore during the year ended March
2023.
Others:
Customer
ARPU (ex M2M) for the quarter stood at Rs. 173 vs Rs. 166 in Q2FY25; QoQ growth
of 4.7%.
Total
subscriber base stood at 199.8 million and 4G subscriber base at 126 million.
The
debt from banks stood at Rs 23.3 billion as on December 31, 2024.
Capex
spend of Rs 53.3 billion in the first nine months; expected capex of Rs 100
billion in FY25.
Preferential
issue of equity shares worth Rs. 19.1 billion to Vodafone group entities
(Promoter group) at an issue price of Rs. 11.28 per share (including premium of
Rs. 1.28 per share)
Management Commentary:
Commenting on the
performance Akshaya Moondra, CEO, Vodafone Idea Limited, said “We are driving
investments and the velocity of capex deployment is set to accelerate in the
coming quarters. Concurrently, the phased rollout of 5G services is underway, targeting
key geographies. We are pleased to report highest quarterly cash EBITDA since
merger of Rs. 24.5 billion, registering a YoY growth of ~15%. With our
intensifying investments, we anticipate further improvement in both operational
and financial performance. With the recent equity infusion of Rs. 19.1 billion
from one of our promoters, we have now secured approximately Rs.260 billion in
fresh equity capital over the past 10 months. In parallel, we continue to
engage with lenders for debt financing, aligning with our planned network
expansion investment of Rs. 500–550 billion over a three-year period. The
government’s decision on the bank guarantee waiver underscores its ongoing
support for the telecom sector—a critical pillar of Digital India’s future.”| Vodafone Idea : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 11,117.30 | 10,673.10 | 4.16 | 32,557.80 | 32,044.90 | 1.60 | 42,651.70 | 42,177.20 | 1.13 | | OPM (%) | 42.39 | 40.76 | 163 bps | 41.36 | 39.91 | 145 bps | 40.15 | 39.87 | 28 bps | | OP | 4,712.40 | 4,350.40 | 8.32 | 13,466.90 | 12,790.20 | 5.29 | 17,126.00 | 16,817.00 | 1.84 | | Other Inc. | 249.50 | 24.90 | 902.01 | 805.80 | 80.70 | 898.51 | 113.20 | 311.30 | -63.64 | | PBIDT | 4,961.90 | 4,375.30 | 13.41 | 14,272.70 | 12,870.90 | 10.89 | 17,239.20 | 17,128.30 | 0.65 | | Interest | 5,939.90 | 6,518.00 | -8.87 | 18,072.10 | 19,485.20 | -7.25 | 25,765.50 | 23,354.30 | 10.32 | | PBDT | -978.00 | -2,142.70 | 54.36 | -3,799.40 | -6,614.30 | 42.56 | -8,526.30 | -6,226.00 | -36.95 | | Depreciation | 5628.8 | 5598.4 | 0.54 | 16401.9 | 16882.2 | -2.85 | 22633.5 | 23049.7 | -1.81 | | PBT | -6,606.80 | -7,741.10 | 14.65 | -20201.3 | -23496.5 | 14.02 | -31159.8 | -29275.7 | -6.44 | | Share of Profit/(Loss) from Associates | 0 | -1.1 | - | -0.2 | -2.9 | 93.10 | -5.5 | 0.5 | PL | | PBT before EO | -6606.8 | -7742.2 | 14.67 | -20201.5 | -23499.4 | 14.03 | -31165.3 | -29275.2 | -6.46 | | EO Income | 0 | 755.5 | - | 0 | 755.5 | - | 755.5 | -22.4 | LP | | PBT after EO | -6606.8 | -6986.7 | 5.44 | -20201.5 | -22743.9 | 11.18 | -30409.8 | -29297.6 | -3.80 | | Taxation | 2.5 | -0.8 | PL | 15.8 | 819.9 | -98.07 | 828.6 | 3.5 | 23,574.30 | | PAT | -6609.3 | -6985.9 | 5.39 | -20217.3 | -23563.8 | 14.20 | -31238.4 | -29301.1 | -6.61 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | -6609.3 | -6985.9 | 5.39 | -20217.3 | -23563.8 | 14.20 | -31238.4 | -29301.1 | -6.61 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | -6609.3 | -6985.9 | 5.39 | -20217.3 | -23563.8 | 14.20 | -31238.4 | -29301.1 | -6.61 | | EPS (Rs)* | -0.93 | -1.08 | 14.62 | -2.83 | -3.29 | 13.97 | -4.37 | -4.10 | -6.46 | | | * EPS is on current equity of Rs 71,393.04 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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