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 (excluding one-offs on pre Indian Accounting Standard 116) stood at Rs 12.8 billion versus Rs 17.1 billion QoQ.
This was attributed to the sharp subscriber churn due to the Covid-19 led lockdown and fall in average revenue per users.
With Ebitda (pre-Ind AS 116) of Rs 38.5 billion in H2 FY22E, it will be challenging to invest in growing Vodafone Idea's network and service upcoming repayments of:
Rs 64.7 billion non convertible debentures in FY22,
Rs 82 billion deferred spectrum payment, and
adjusted gross revenue installment.
A capital raise or government relief package remains critical to provide immediate liquidity support to service the ballooning net debt of Rs 1,907 billion (including AGR liabilities).
Click on the attachment to read the full report:
DISCLAIMER
This 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
