Vodafone Idea Q3: Mixed Results, Subscriber Loss, Debt Burden Persists

• Vodafone Idea reported mixed Q3 results with slight revenue improvement but continued net loss and significant subscriber decline.
• Revenue increased by 1.1% QoQ to ₹11,323 crore, while net loss stood at ₹5,286 crore, primarily due to an exceptional profit.
• Adjusted loss, however, increased to ₹6,368 crore, and EBITDA improved to ₹4,816 crore with a 42.5% margin.
• ARPU rose by 3% QoQ to ₹172, and capital expenditure increased to ₹2,250 crore.
• A major concern is the loss of 3.8 million subscribers, the largest decline in several quarters, alongside a persistent gross debt of ₹2.098 lakh crore.

Why It Matters: Vodafone Idea faces ongoing challenges with subscriber loss and high debt despite some operational improvements in Q3.