Debt-ridden Vodafone Concept, on Thursday, stated its consolidated web loss narrowed to Rs 6,418.9 crore within the fourth quarter ended March 2023.
The corporate recorded a lack of Rs 6,563.1 crore within the year-ago interval.
The service income elevated by about 3 per cent to Rs 10,506.5 crore in the course of the reported quarter from Rs 10,228.9 crore within the March 2022 quarter, the corporate stated in a regulatory submitting.
Nonetheless, Vodafone Concept (VIL) reported a widening of loss to Rs 29,297.6 crore for the fiscal ended March 31, 2023.
The corporate posted a consolidated lack of Rs 28,234.1 crore in 2021-22.
VIL recorded the first-ever annual income development from providers post-merger. Its income grew 9.4 per cent to Rs 42,133.9 crore from Rs 38,489.5 crore a yr in the past.
The capex spend of VIL for the quarter stood at Rs 560 crore, taking the entire to Rs 3,360 crore for FY23.
Its whole gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of March 31, 2023, dropped to Rs 2,09,260 crore from Rs 2,22,890 crore as of December 31, 2022, as a result of conversion of curiosity dues arising from the deferment of spectrum instalments and AGR dues into fairness issued to the federal government.