Vodafone idea share: Vodafone Idea shares saw a great rise of up to 7 percent on 13 February today. The stock closed at Rs 8.63 with a gain of 2.62 per cent on BSE at Rs 8.63. Indeed, the positive comments of the management have improved the sentiment for stock. Earlier, the stocks of the telecom company saw a decline by three consecutive days. With today’s boom, the company’s market cap increased to Rs 61,683.58 crore. The stock of the stock is Rs 19.15 and the 52-wheel is Rs 6.60.
Vodafone Idea will invest Rs 10000 crore
Mumbai -based telecom company Vodafone Idea said it would invest Rs 10,000 crore in the expansion of its network by the end of March, which almost matches its total capital experience for the first nine months of the financial year. According to the brokerage report, the company of Aditya Birla Group has already spent Rs 5300 crore on capes between April and December 2024.
The telecom operator is preparing to increase business in an aggressive way, but it needs about Rs 35000 crore in bank funding for its plans. Management said, “We expect to receive finance from the bank within the next seven to eight weeks. By June 30, 2024, we had a closing cash balance of Rs 18,000 crore, which is sufficient to complete our CAPECS plans in the meantime. . ” Even more important is that the company is optimistic about persuading the government to convert the remaining part of its dues to equity.
Vodafone Idea will now have to pay Rs 43000 crore after the appeal of re-quails failed. The company said that about Rs 17000 crore out of this is part of the installments postponed under the Telecom Relief Package, which can be potentially replaced. The remaining 26000 crore rupees are part of regular installments, which were already payable before the Motorium.
Vodafone Idea quarterly results
During the December quarter, the company said that its net profit was slightly reduced to Rs 6609 crore, compared to Rs 6,986 crore in the same period of a year ago. The company’s revenue increased by 4 per cent to Rs 11117 crore in Q3Fy25, while in Q3Fy24 it was Rs 10673 crore.
The user on the ARPU or average revenue of the firm increased to Rs 173 in the December quarter, which was Rs 166 a quarter ago. By the end of the December quarter, the company’s 4G customer base was 126 million, which was 125.6 million in Q3Fy24. At the same time, VI’s total customer base decreased to 199.8 million in the December quarter, which was 215.2 million in the third quarter of the last financial year.
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.