Jio वालो खुशख़बरी Recharge Plan Rs 23 सब बर्बाद - 16 March 2019
1,386Namaskar Dosto..!! Jio वालो खुशख़बरी Recharge Plan Rs 23 सब बर्बाद - March 2019
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Vodafone Idea widened its net loss in the fiscal third quarter to Rs 5005.7 crore, despite a tax write back, as intense competition and high debt continued to hurt with India’s top mobile phone company losing 35 million subscribers in the three-month period.
Net loss for the company, which was created following a merger of Vodafone India and Idea Cellular, widened from Rs 4950.5 crore in the fiscal third quarter ended December 31, despite a tax write back of about Rs2,000 crore.
In a statement, the company though said it has already started seeing the benefits of synergies after the merger between Vodafone India and Idea Cellular at August end, with operating expenses of Rs 8150 crore, excluding licence fees & spectrum usage charges and roaming & access charges, lower by around Rs 750 crore – annualised at around Rs3000 crore - compared with the fiscal first quarter.
“As a result, despite the reduction in revenue, EBITDA (earnings before interest, tax, depreciation & amortization) increased to Rs 11.4 billion, a 16.3% improvement on quarter,” the company said. Ebitda margins for the quarter expanded to 9.7% from 8.1% in the previous quarter.
“We are moving faster than expected on integration, specifically on the network front, and we are well on track to deliver our synergy targets,” CEO Balesh Sharma said in the statement.
The carrier’s quarterly revenue of Rs 11,764.8 crore was 2.2% lower sequentially, but the decline was limited compared with the 7.1% sequential fall in the fiscal second quarter, due mainly to the initial effects of the minimum recharge plans which forced some dormant users to become paying ones, say analysts.
“Our headline tariffs remained stable during the quarter. However, customers continue to migrate to lower ARPU plans,” the company said. However, “…we experienced growth in daily revenue on a month-on-month basis during December 2018, which continued into January 2019”, reflecting the initial effects of the minimum recharge plan.
But the plan also led to many subscribers leaving the network, thus reducing the user base to 387.2 million from 422.3 million at the end of September, a trend which is likely to continue, a person familiar with the matter said. Quarterly churn – of percentage of users leaving the network – rose to 5.1% from 4.3% in the second quarter, which also led to a 2.6% fall in the total minutes on the network during the quarter.
The increase in proportion of paying users and a lower user base though helped the telco turn around the trend of falling average revenue per user (ARPU) with the key performance parameter rising a tad to Rs89 from Rs88 in the previous quarter, offsetting the impact of some users choosing lower-valued plans.
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