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Revenue for the quarter stood at ₹1,093 crore, reflecting a 4% quarter-over-quarter growth, with customer revenue up 5.6%, primarily driven by recent tariff hikes. EBITDA registered at ₹455 crore, while cash EBITDA reached ₹232 crore, representing a notable 10.5% QoQ increase—the highest since the merger six years ago. The customer Average Revenue Per User (ARPU) improved to ₹166, up 7.8% QoQ, highlighting effective pricing strategies.
Operationally, capex expenditure amounted to ₹1,360 crore for the quarter, with H1FY25 capex totaling ₹2,130 crore. The company is projecting a significant H2FY25 capex of approximately ₹8,000 crore, aiding ongoing network expansion efforts.
Debt levels have improved, decreasing by ₹4,580 crore over the past year, currently standing at ₹3,250 crore. The company also reported a robust cash and bank balance of ₹13,620 crore, reinforcing liquidity.
The strategic focus remains on accelerating 4G expansion and enhancing network capacity. The successful execution of equipment supply contracts valued at approximately $3.6 billion will further bolster infrastructure development and customer offerings. Overall, the financial trends indicate a positive trajectory, paving the way for growth opportunities.
Investment stance leans towards holding, given the improving financial health and growth prospects, albeit tempered by sector challenges and competitive dynamics.