Motilal Oswal: Vodafone Idea’s Financial Conditions Remain Fragile
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Motilal Oswal: Vodafone Idea’s Financial Conditions Remain Fragile

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.’s adjusted Ebitda (pre-India-Accounting Standard 116) was up 6% QoQ to Rs 16.3 billion.

Revenue edged up 1% QoQ (in-line) and average revenue per user improved 4%, offset by continued subscriber churn.

With ballooned net debt of Rs 1,145 billion (including adjusted gross revenue liability) and meager Rs 17 billion quarterly Ebitda (Q3 FY21 pre-Ind-AS 116), we maintain Vodafone Idea Under Review until there is further clarity on the liquidity situation improving.

Click on the attachment to read the full report:

Motilal Oswal Vodafone Idea Q2FY21 Result Update.pdf

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