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Vodafone Idea shares will be in focus on Thursday after the company reported a reduced net loss of Rs 7,176 crore for the September quarter of FY25, compared to Rs 8,738 crore in the same period last year. Revenue from operations increased by 2% year-on-year to Rs 10,932 crore. On a sequential basis, loss has widened from Rs 6432 crore posted in the preceding June quarter.
Meanwhile, revenues improved 4% quarter-on-quarter, aided by the recent tariff hikes undertaken by all private operators. EBITDA for the quarter increased to Rs 4550 crore in the reporting quarter. This compares with Rs 4283 crore in the last year quarter.
Cash EBITDA excluding Ind AS 116 impact improved to Rs 2320 crore, highest since the merger, growing by 10% QoQ. Capex spending for Q2FY25 was at Rs 1360 crore as against Rs 760 crore in the preceding June quarter. The expected capex for H2FY25 is Rs 8000 crore.
The debt from banks and financial institutions reduced by Rs 4580 crore billion during the last one year and stood at Rs 3250 crore. The cash and bank balance of the telco stood at Rs 13620 crore, as of September 2024. Stock Trading Candlesticks Made Easy: Candlestick Pattern Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer, Experience in equity research View Program Stock Trading Technical Trading Made Easy: Online Certification Course By - Souradeep Dey, Equity and Commodity Trader, Trainer View Program Stock Trading Technical Analysis Demystified: A Complete Guide to Trading By - Kunal Patel, Options Trader, Instructor View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Complete Guide to Stock Market Trading: From Basics to Advanced By - Harneet Singh Kharbanda, Full Time Trader View Program Stock Trading Commodity Markets Made Easy: Commodity Trading Course By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder- Indiacharts.
com View Program Stock Trading Mastering Options Selling: Advanced Strategies for Success By - CA Manish Singh, Chartered Accountant, Professional Equity and Derivative Trader View Program The payment obligations to the government stood at Rs 2.12 lakh crore at the end of September quarter, including deferred spectrum payment obligations of Rs 1.41 lakh crore and AGR liability of Rs 70320 crore.
The subscriber base, including 4G subscriber, was impacted by the recent tariff hikes. The 4G subscriber base stood at 125.9 million at the end of Q2FY25 vs 126.
7 million as of Q1FY25. However, in the postpaid segment, the company has been able to increase its customer base on a QoQ as well as YoY basis. While a larger part of this increase is from the M2M segment, it has seen consistent increase in retail postpaid customers over the last one year.
Customer ARPU (ex M2M) improved to Rs 166 during the quarter as against Rs 154 in Q1FY25, up 7.8% on QoQ basis, driven by tariff hike. Following the Q2 results, JPMorgan maintained a 'Neutral' rating on Vodafone Idea with a target price of Rs 10, citing a revenue and EBITDA miss.
It also noted that capital expenditure is expected to pick up in the second half of the year. Additionally, JPMorgan pointed out that the stock's future movement would largely depend on the management’s statements regarding updates on debt funding. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own.
These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
