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Vodafone Idea loss widens to Rs 6 608 cr in Apr-Jun quarter


    New Delhi, Aug 14 (PTI) Debt-ridden Vodafone Idea on Thursday reported widening of its consolidated loss to Rs 6,608 crore in the first quarter ended June 30, 2025, mainly on account of an increase in finance cost.
     The company had posted a loss of Rs 6,426.7 crore in the same period a year ago, according to an exchange filing.
     Revenue from operations of Vodafone Idea (VIL) increased by about 5 per cent to Rs 11,022.5 crore during the quarter under review from Rs 10,508.3 crore in the year-ago period, mainly on account of an increase in average revenue per user (ARPU).
     The company's ARPU during the reported quarter increased by 15 per cent on a year-over-year basis to 177 from Rs 154 in June 2024 quarter.
     As of June 30, 2025, VIL outstanding debt from banks (including interest accrued but not due) is Rs 1,944.5 crore and deferred payment obligation (including interest accrued but not due) towards spectrum and adjusted gross revenue aggregates to Rs 1,99,140.3 crore, the filing said.
     The company's board has approved the elevation of Chief Operating Officer Abhijit Kishore to the position of Chief Executive Officer, replacing Akshaya Moondra, whose three-year tenure is set to conclude on August 18.
     Kishore's appointment has been approved for a period of three years, with effect from August 19.

(This story has not been edited by THE WEEK and is auto-generated from PTI)