BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Vodafone Idea Ltd. posted an in line adjusted Ebitda of Rs 14.1 billion (excluding Rs 1.5 billion one-offs on a pre-Ind Accounting Standard 116 basis) versus Rs 12.8 billion QoQ on the back of a 5% improvement in average revenue per user.
The improvement was led by a pickup in economic activity and easing of lockdown-related restrictions, tariff improvement, and mix benefit, which offset the two million subscriber decline.
The moratorium offered by the government for adjusted gross revenue and deferred spectrum payment has addressed part of the repayment woes.
Vodafone Idea is in talks with banks to fund its upcoming repayments of:
60 billion in non-convertible debentures in FY22, and
invest in growing its network.
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