Voda Idea cuts loss by 39.5% to Rs 7,022 cr on lower exceptional expenses

Posts highest-ever EBITDA margin, on the back of lower operating and exceptional expenses; lags peer on ARPU

Vodafone Idea (Vi) cut down its net loss by 39.5 per cent YoY in the fourth quarter FY21 to Rs 7,022 crore on the back of lower operating and exceptional expenses. In the same quarter of the previous year, it had posted a net loss of Rs 11,643 crore.

The figure, however, widened 55 per cent on a sequential basis as the company had reported a loss of Rs 4,532 crore in Q3FY21.

The company managed to trim subscriber loss to two million in the fourth quarter on a sequential basis but it lagged peers on other parameters, such as