Financials
Vodafone Idea reports consolidated loss of Rs 7,231 cr in Q3
Mumbai: Vodafone Idea on Friday reported a consolidated loss of Rs 7,230.9 crore for the third quarter ending December 2021. This is up from Rs 4,532.1 crore that the telecom major reported in the corresponding quarter previous year.
It had posted a net consolidated loss of Rs 7,132 crore in the September quarter of 2021.
The company’s revenues also declined to Rs 9717 crore a year-on-year. The total gross debt (excluding lease liabilities and including interest accrued but not due) for the company stands at Rs. 1,98,980 crore, comprising of deferred spectrum payment obligations of 1,11300 crore, AGR liability of Rs 64,620 crore that is due to the government and debt from banks and financial institutions of Rs. 23,060 crore.
However, it improved its average revenue per user (ARPU) to Rs 115 up by 5.2 per cent quarter-on-quarter, due to several tariff interventions to improve ARPU, it said as it reported its Q3 results on Friday.
The total subscriber base declined to 24.72 crore. However, 4G subscriber base continued to grow with 8 lakh customers added in Q3, 4G base now stands at 11.7 crore. Subscriber churn increased to 3.4 per cent versus 2.9 per cent in the previous quarter. The data usage per 4G subscriber is now at ~14 Gb/month versus 12 Gb/month a year ago.
Vodafone Idea said that it added ~4000 4G FBB sites in Q3 primarily through the refarming of 2G/3G spectrum to expand their 4G coverage and capacity. Its overall broadband site count stood at 450,330 marginally lower compared to 450,481 in the previous quarter as it continued to shutdown 3G sites in a phased manner. Till date, the company has deployed nearly 67,000 TDD sites in addition to the deployment of ~13,850 massive MIO sites and ~13,150 small cells. Furthermore, the company continues to expand its LTE 900 presence in 12 circles at multiple locations, including through dynamic spectrum refarming, to improve customer experience.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
