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News Topical, Digital Desk : Vodafone Idea shares have seen a rise on Monday after the results for the quarter ended March 2024. The company said in its conference call after the results that India has the lowest average revenue per user (ARPU) worldwide. The company's average revenue per user (ARPU) stood at Rs 175 in the quarter ended March, which was Rs 153 in the fourth quarter of FY 2024. The company said that the telecom sector is facing global challenges.
The company has reduced its loss to Rs 7,166.1 crore in the quarter ended March 2025. This was Rs 7,674.6 crore in the same quarter last year. Vodafone Idea CEO Akshay Mundra said that the company is actively engaged with lenders to secure critical debt financing as it tries to launch 5G services and stabilize its financial position.
Tariff hike necessary The company's revenue grew 3.8 per cent year-on-year to Rs 11,013.5 crore due to tariff hikes and customer upgrades. The company said that tariff hikes are necessary for the industry going forward. Apart from this, the company said that there is still scope for expansion in broadband, there are still opportunities for growth in broadband.
Brokerage opinion Brokerage Macquarie has given Vodafone-Idea an "Underperform" rating and set a target price of ₹ 6.5 per share. The brokerage said the fourth quarter was disappointing as the number of subscribers continued to decline and the interest burden increased. UBS recommended "BUY" and set a target price of ₹12.10 per share. The brokerage firm said the fourth quarter performance was weak. The results were below expectations and the market share continued to decline. The income has declined by 1% quarter-on-quarter.
Share performance The telecom company's stock is trading higher on Monday. At the time of writing the news, the stock was trading at Rs 7.04 with a gain of 1.73 percent. The company's stock has seen a decline of 56 percent in the last one year.
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