ICICI Securities: With AGR Case Behind, Can Vodafone Idea Bounce Back? 
Exterior of Vodafone Idea store (Photo: BloombergQuint)  

ICICI Securities: With AGR Case Behind, Can Vodafone Idea Bounce Back? 

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.

ICICI Securities Report

Vodafone Idea Ltd.’s Q2 FY21 adjusted cash Ebitda at Rs16 billion was broadly in line with our estimates.

However, it was no show for the company in Q2 FY21 with subscribers decline of 8 million, 4G net add at a meagre 1.5 million, and drop in minutes and data usage.

With the adjusted gross revenue case behind, the company will need to bounce back stronger, with limited resources, to remain a going concern.

Capex for the company is contingent on fundraising and any delay may hurt it further.

Click on the attachment to read the full report:

ICICI Securities VIL Q2FY21 Results Update.pdf

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