Motilal Oswal's research report on Vodafone Idea
VIL reported 4% QoQ EBITDA growth (pre Ind AS-116), led by reduction in network opex attributed to seasonality and decreased roaming/access cost. This is despite flat revenue growth, which was adversely affected by the loss of 4.6m subscribers. This was partially mitigated by a 2% QoQ growth in ARPU. VIL continues to lose market share, partly accentuated by recent tariff hikes. It continues to explore avenues for fundraising, complemented by financial support of INR20b from one of its promoters.
Outlook
However, the liquidity situation continues to appear bleak, given that there is a scheduled debt repayment of INR54b in the next one year, against 3QFY24 annualized EBITDA (pre IND-AS 116) of INR86b. We reiterate our Neutral stance on the stock.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
