Vodafone Idea shares in focus ahead of Q2 results today
Vodafone Idea will be in focus as the company will announce its second quarter results today. The telco is expected to narrow its consolidated losses for the quarter ended September 2024, while revenues are likely to grow marginally.
Net losses for the quarter may narrow in the range of Rs 6300-6400 crore, according to estimates from three brokerages. Revenues are seen rising 5% year-on-year in the September quarter.
On a sequential basis, analysts expect the telco to report decent growth in revenues, operating profit and ARPU (Average revenue per user).
ARPU for the quarter may improve quarter-on-quarter to anywhere between Rs 156 and 159, while the subscriber base is expected to further decline by 4 million.
Motilal Oswal expects a 5% QoQ revenue growth as the tariff hike benefit is partly offset by continued subscriber declines. «Expect reported EBITDA to grow 5% QoQ with EBITDA margin expanding 30bp QoQ to 40.3%,» the brokerage said.
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