Akshaya Moondra, CEO, Vi sounds optimistic at the earnings call

During the earnings call, a day after the telco announced its Q3FY25 financial results, Akshaya Moondra emphasized the company’s strategic focus on improving operational efficiency and reducing its debt burden.

“The government is cognizant of the fact that support is required, and I am confident they will find a solution, since Vi has already raised Rs 26,000 crore of equity and started its investment cycle,” Moondra added.

“After the initial investments that have resulted in higher coverage, we are witnessing green shoots and the progressive launch of 5G should further improve subscriber traction.

Financial Performance Highlights
The financial highlights from the earnings call include a narrowed net loss for the quarter, which fell to ₹6,432 crore compared to the previous quarter’s ₹7,674 crore, largely due to reductions in finance costs. Although the company continued to face revenue declines in the quarter, operational improvements and cost management helped mitigate the extent of financial losses. These developments reflect the company’s ongoing efforts to optimize its financial metrics and adjust to evolving market dynamics.

Market Considerations and Future Plans
Moondra addressed the difficulties posed by the continuing loss of subscribers, attributing this trend to insufficient investments in infrastructure over recent years. The CEO added, “The net port-ins from BSNL have increased between June 2024 and January 2025, which suggests the customer reversals have started.”

He outlined plans for capital expenditures aimed at expanding 4G coverage and launching 5G services, which are expected to contribute to revenue growth and stabilize the customer base. This strategic focus signals a forward-looking approach, aimed at leveraging technological advancements to secure the company’s future growth prospects.

CT Bureau