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Vodafone Idea Q1 Review - Falling Cash Generation, Rising Liabilities: ICICI Securities

Vodafone Idea Q1 Review - Falling Cash Generation, Rising Liabilities: ICICI Securities

<div class="paragraphs"><p>Logo of Vodafone Idea Ltd. (Source: Company Website)</p></div>
Logo of Vodafone Idea Ltd. (Source: Company Website)

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 Q1 FY22 cash Ebitda at Rs 13.8 billion shows fast deteriorating cashflow, while liabilities are rising; we see high risk and huge concern for the company.

In the wake of growing uncertainties, we have put Vodafone Idea’s estimates, rating and target price under-review until further clarity.

We believe existing operation is unlikely to meet upcoming payouts, and risk of default cannot be ruled out, the much anticipated tariff hike/s and capital infusion have been insufficient.

Click on the attachment to read the full report:

ICICI Securities VIL Q1FY22 Results Update.pdf

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