Achieving free cash flow critical for Vodafone Idea, says Kumar Mangalam Birla
New Delhi, Aug. 27 -- Vodafone Idea non-executive chairman Kumar Mangalam Birla said on Thursday that generating free cash flow is essential as the telecom operator targets three-year goals for subscriber growth, higher revenue, and increased cash Ebitda.
His remarks follow the company's strong June quarter (Q1FY27) results, reported earlier this month, which marked its first quarterly subscriber gain since Vodafone India and Idea Cellular merged in August 2018. Network expansion and rising data consumption have helped the operator reduce losses while growing its revenue and operating profit.
Vodafone Idea's net loss narrowed to Rs.3,754 crore in Q1FY27 from Rs.6,608 crore a year earlier. Revenue from operations rose 6% year-on-year to ...
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