Vodafone Idea Ltd.'s third quarter revenue was flat and met analysts' estimates.
Its 4G subscriber base grew to 12.56 crore in the October-December quarter, as against 12.47 crore in the July to September period. The overall subscriber base, however, shrunk to 21.52 crore from 21.98 crore in the second quarter.
Debt Position
The total gross debt, excluding lease liabilities and including interest accrued, stood at Rs 2.14 lakh crore as of Dec. 31. It comprises deferred spectrum payment obligations of Rs 1.38 lakh crore and AGR liability of Rs 69,020 crore that are due to the government.
Debt from banks and financial institutions reduced 54% to Rs 6,050 crore from the third quarter of the previous fiscal. Optionally convertible debentures amounted to Rs 1,660 crore.
The net debt stood at Rs 2.14 lakh crore.
Shares of Vodafone Idea closed 0.34% higher, as compared with a 1.8% gain in the benchmark NSE Nifty 50 before the results were announced.
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