BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Vodafone Idea Ltd.'s overall improved operating performance in the quarter led by increase in average revenue per user due to tariff hike in November 2021. The growth in ARPU by 7.8% QoQ is a encouraging sign.
It continues to lose subscribers but there has been definite sign of moderation in the loss of subscribers. The slowdown in addition of 4G subscribers is a matter of concern. It needs capital infusion for augmenting the capital expenditure to match up with peers in terms of 4G coverage/capacity.
We expect that 2G to 4G migration would continue to drive growth in ARPU and Ebitda of Vodafone Idea.
The net debt of Rs 1.96 trillion remains high at net debt/Ebitda (FY22) of 12 times.
We estimate revenue compound annual growth rate of 16.0% over FY22‐FY24E, with average Ebitda margin of 46.4%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR