 "Vodafone Idea reports Q1 consolidated net loss of Rs 4,873.9 crore")
India's largest telecom operator Vodafone Idea on Friday reported a consolidated net loss of Rs 4,873.9 crore for the quarter ended June 30, 2019 (Q1FY20).
The company had reported a profit of Rs Rs 257 crore in the corresponding quarter of the last year and a loss of Rs 4,881.9 crore during the fourth quarter of 2018-19.
The company's revenue stood at Rs 11,270 crore, while the EBITDA came in at Rs 3,650 crore. The EBITDA margin came in at 32.4%.
The company's ARPU was up 2.8% at Rs 108 for the June quarter.
"We are delivering on our stated strategy although the benefits are not yet visible in our top line. As we continue to integrate our networks, our customers' data experience is significantly improving in most service areas..." Vodafone Idea CEO Balesh Sharma said.
The company is well on track to deliver its synergy targets by the first quarter of FY21, he added.
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