Vodafone Idea Still Far From Comfortable Outlook: ICICI Direct

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 Direct Report.In Q3 FY21, Vodafone Idea Ltd.’s reported revenues were up 1% QoQ to Rs 10,894 crore, with average revenue per user growth of approximately 1.7% QoQ to Rs 121.The subscriber base declined by ~2 million to 269.8 million, with churn rate reducing to 2.3%.Reported Ebitda margins were up 86 basis points QoQ to 39.3%, on account of change in accounting of subscriber acquisition costs that aided reported Ebitda by ~ Rs 330 crore.The Ebitda margin (ex-Indian-accounting standard 116 impact), adjusted for one-offs was at 16.3% versus 15.5% in Q2..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Vodafone Idea Still Far From Comfortable Outlook: ICICI Direct

Vodafone Idea Still Far From Comfortable Outlook: ICICI Direct

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