Revenue grew to Rs. 10410 Cr, a QoQ growth of 1.7% (YoY growth of 13.7%)
Losses increases to Rs 7,295 Cr as compared to Rs 6,544 Cr in the last quarter.
ARPU for the quarter stands at Rs. 128 vs Rs. 104 in Q1FY22, up 23.4% YoY aided by tariff hikes
Continued network capacity expansion supported by spectrum refarming and network upgrade to 4G
Vi GIGAnet is the fastest 4G network in India as per Opensignal’s April 2022 India Mobile Network Experience report.
Acquired 5G spectrum (Mid band – 3300 MHz) in the 17 priority circles, along with mmWave in 16 circles and 4G spectrum in 3 circles, in the recently concluded spectrum auction.
With incremental preferential contribution of ~Rs. 440 Cr by Vodafone Group, Promoters infused ~Rs. 4940 Cr between March 2022 and July 2022.
Capex spend for Q1FY23 was Rs. 840 Cr vs Rs. 1210 Cr in Q4FY22.
The total gross debt (excluding lease liabilities and including interest accrued but not due) as of June 30, 2022 stands at Rs. 199080 Cr, comprising of deferred spectrum payment obligations of Rs. 116600 Cr and AGR liability of Rs. 67270 Cr that are due to the Government, and debt from banks and financial institutions of Rs. 15200 Cr.
Cash & cash equivalents were Rs. 860 Cr and net debt stood at Rs. 198220 Cr.