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Vodafone Idea loss at Rs 4,881.9 crore in Q4

NEW DELHI: India's biggest telecom operator Vodafone Idea Ltd on Monday posted consolidated loss of Rs four,881.nine crore for the fourth quarter ended March 31, amid a brutal tariff war in India's cell marketplace.

Sequentially, the loss has narrowed from Rs Five,004.6 crore throughout the third quarter of 2018-19.

According to books of Vodafone Idea, there used to be a comprehensive loss of Rs 962.2 crore in the similar quarter a 12 months in the past, however the year-on-year determine is not related as the merger between India unit of Vodafone Group and Idea Cellular used to be finished on August 31, 2018.

For Vodafone Idea -- whose financials has been battered by means of intense price cutting war posed by means of the richest Indian Mukesh Ambani's Reliance Jio -- the earnings from operations for March quarter of 2018-19 came in at Rs 11,775 crore, nearly flat compared to Rs 11,764.eight crore logged in the earlier December quarter.

"The initiatives we have taken since the merger are yielding positive results and we are well on track to deliver our synergy targets two years early," Vodafone Idea CEO Balesh Sharma said.

The company stays focused on fortifying its place in key successful districts by means of expanding coverage and capability of its 4G community, focused on upper percentage of recent 4G shoppers, and making improvements to money flows via price transformation, he added.

For the entire 12 months FY19, the company suffered loss of Rs 14,603.nine crore, whilst the earnings from operations used to be pegged at Rs 37,092.Five crore.

The company's Average Revenue Per User (ARPU) for the just-ended quarter grew 16.3 in keeping with cent sequentially to Rs 104 (towards Rs 89 in Q3).

The Vodafone Idea scrip closed at Rs 14.45 a piece at the BSE, 3.21 in keeping with cent upper than the previous close.

The effects were announced after marketplace hours.

The profits scorecard of Vodafone Idea and Bharti Airtel last week - underline the serious challenge telecom avid gamers face to grow profitability in India regardless of the marketplace's huge data and voice consumption.

The telecom sector has been battered by means of falling price lists, eroding profitability, and towering debt, in the face of stiff competition precipitated by means of disruptive choices of Reliance Jio.

Lately, on the other hand, the trade pundits are speaking about a recovery or rebound in the offing, and estimate that trade earnings may upward thrust by means of Five-10 in keeping with cent this 12 months.

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