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 a pre India Accounting Standard 116 Ebitda of Rs 16.2 billion versus Rs 14.1 billion QoQ (5% above our estimate) on the back of a 5.5% increase in average revenue per user, led by the recent tariff hike, which resulted in a higher churn at 5.8 million.
The recent government moratorium has partly offered Vodafone Idea some respite from its repayment woes, but it has ceded 35% equity stake to the government for just the interest component, with its net debt ballooning to Rs 1,975 billion.
The much awaited capital raise remains critical to provide immediate liquidity, given the low Ebitda of Rs 104.1 billion (pre-Ind AS 116) in FY23E even after the tariff hike.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR