VODAFONE IDEA LTD Q3 RESULTS
Indus Towers shares rally 6% after Citi recommends buying the dip, gives Rs 500 target price
Indus Towers Share Price: Shares of Indus Towers rose 6.2% to a day's high of Rs 412.45 on the BSE after global brokerage firm Citi recommended buying the stock on dips, setting a target price of Rs 500 and maintaining a buy rating. Citi indicated that past dues from VI to Indus in Q2 FY25 should ideally increase quarter-on-quarter due to tariff hikes.
Big movers on D-Street: What should investors do with Indus Towers, Vodafone Idea and HCL Tech?
The Indian market reacted strongly to the US Federal decision to reduce the interest rate, with Sensex and Nifty reaching record highs. Indus Towers, Vodafone Idea, and HCL Tech saw significant movements. Analysts advise caution in purchasing these stocks due to various technical indicators and trends observed in their price actions.
Sensex at record high but retail investors frowning after Fed rate cut. Here's why
The Federal Reserve's first rate cut since 2020 has shifted investor interest towards largecaps, with foreign inflows expected to rise in emerging markets like India. While Sensex and Nifty hit new peaks, midcaps and smallcaps faced selling pressure. Retail investors' portfolios were impacted, and market capitalization fell by over Rs 3 lakh crore.
AGR curative plea dismissal: Sans relief VIL may face financial crisis in coming yrs, experts say
Relief on the Adjusted Gross Revenue (AGR) front is crucial for Vodafone Idea, as the absence of such relief could lead to a financial crisis by FY26/FY27. The Supreme Court has dismissed pleas from telecom companies seeking correction of alleged computational errors in AGR dues, which could result in significant financial strain.
What to do with Vodafone Idea, HUDCO, Oil India and 3 other stocks? Aamar Deo of Angel One decodes
It is a foregone conclusion that there is a very high probability of a rate cut, it’s the quantum of the cut that is driving the markets. Also, it is being expressed by some quarters in the US, that the US Fed appears to be behind the curve this time, in rate cuts.
Sudip Bandyopadhyay on 2 stocks to buy if the market falls further
Sudip Bandyopadhyay of Inditrade Capital highlights investment opportunities in Larsen & Toubro and Reliance amid market corrections. He also discusses the potential of domestic-focused pharma companies like Mankind Pharma and Sun Pharma. Additionally, he addresses concerns regarding Vodafone Idea's financial health and the impact of oil price changes on oil marketing companies and the paint sector.
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Vodafone Idea shares can crash up to 83% to just Rs 2.5, argues Goldman Sachs
VI Share Price: In one of the most bearish reports on the debt-ridden telecom company Vodafone Idea, global brokerage firm Goldman Sachs has set a target price of just Rs 2.5, indicating a potential downside of up to 83%. Goldman Sachs argues that while Vodafone Idea's recent capital raise is incrementally positive, it is unlikely to prevent further erosion of the company’s market share.
Hot stocks: Brokerages on Vodafone Idea, Bharti Airtel, Bajaj Finance and M&M Finance
Goldman Sachs has issued a sell call on Vodafone Idea with a target price of Rs 2.5, while maintaining a buy call on Bharti Airtel with a target price of Rs 1,700. Jefferies has maintained a buy rating on Bajaj Finance and a hold rating on M&M Finance, with target prices of Rs 8,410 and Rs 315 respectively.
Vodafone Idea revenue market share hits all-time low in Q1 FY25
Vodafone Idea's revenue market share has dropped to a record low of 15% in the fiscal first quarter, losing ground to Reliance Jio and Bharti Airtel. Experts believe the recent Rs 24,000-crore equity fundraise could help Vi improve its 4G coverage and roll out 5G services, enhancing its competitive position.
TCS, Infosys among 10 stocks with buy view from brokerages post Q1 results
The Nifty IT index has been a top performer, delivering nearly 4% returns over the past month. This recent rally was fueled by hopes of a Federal Reserve rate cut but began with broadly in-line April-June quarter earnings from IT companies. Tier 1 companies reported QoQ CC revenue growth ranging from -1.6% to 3.6%, with most surpassing estimates, according to Sharekhan.
Vi's network expansion plans may take a hit on vendor payment jinx
Vodafone Idea's plans to expand its 4G and launch 5G have encountered issues as financial negotiations with Ericsson and Nokia are stalled due to payment term disagreements. The vendors rejected Vi's cash-and-stock payment proposal. They also expressed concerns about swapping existing Chinese equipment due to potential service disruptions and high costs, although Vi denied these issues.
Vodafone Idea sees user churn dropping from Q4
Vodafone Idea (Vi) anticipates a reduction in its monthly subscriber churn rate, currently at 4%, starting from the fiscal fourth quarter. This improvement is expected as the company begins addressing 4G coverage gaps with its ongoing capital expenditure (capex) plans.
Vodafone Idea shares rally over 3% after narrowing Q1 losses. Should you invest?
Vodafone Idea's shares climbed 3.5% as it narrowed its Q1 2024 losses to Rs 6,432 crore. Revenue dipped slightly by 1.38% to Rs 10,508 crore. The company's ARPU grew to Rs 146 from Rs 139. Brokerages provided differing opinions on Vodafone Idea's future, amid concerns about debt and government support.
Vi's loss shrinks to Rs 6,432 crore in Q1FY25; subs churn continues
Vodafone Idea reduced its net loss to Rs 6434.4 crore in Q1 FY25 from Rs 7675 crore in the prior quarter. Operating costs remained stable, but the company continued to lose customers. Revenue dipped slightly, and the subscriber base decreased. However, the 4G subscriber count saw a minimal increase.
Vodafone Idea's ARPU improves to Rs 146 in Q1 of FY25; up 4.5% YoY
Indian telco Vodafone Idea reported a 4.5% increase in Average Revenue Per User (ARPU) in Q1 FY25, thanks to a change in entry level plans and subscriber upgrades. The 4G subscriber base also showed steady growth, reaching 126.7 million by Q1 FY25, bringing the total to 210.1 million.
Vodafone Idea Q1 Results: Losses narrow to Rs 6,432 crore; revenue down marginally
Vodafone Idea has narrowed its losses to Rs 6,432 crore for the first quarter ended June 2024, compared with Rs 7675 crore reported in the preceding March 2024 quarter and Rs 7840 crore in the last year quarter.
Q1 results today: IRFC, Vodafone Idea among 528 companies to announce earnings on Monday
As the first quarter earnings season nears its end, 528 companies are set to release their results on Monday. Key reports include IRFC, Vodafone Idea, and NMDC. Vodafone Idea is expected to report flat revenue and losses between Rs 7,489-8,100 crore. EBITDA is forecasted to see a slight year-on-year rise despite challenges.
Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects
Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages.
Q1 results this week: HAL, Ola Electric, Vodafone Idea, IRFC, and Nykaa among 85 companies to announce quarterly earnings
Several widely followed companies, including Vodafone Idea, Hindustan Aeronautics (HAL), Mazagon Dock, Hero MotoCorp, IRFC, IRCTC, HUDCO, Apollo Hospitals, Samvardhana Motherson, GMR Airports Infrastructure, Nykaa, and Ola Electric will be releasing their June quarter report cards this week. Here’s the list:
Ola Electric to announce Q1 results on August 14 in first board meeting after listing
Ola Electric was listed on Friday, August 9 disappointing investors as it got listed at par with the issue price of Rs 76. However, later during the day, the stock surged 20% to hit an upper circuit high of Rs 91.20 on NSE
Indus Towers Q1 Results: Net profit up 43%, to buy back shares worth Rs 2,640 cr
Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtel’s 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.
Nokia April-June sales drop after record 2023, pins hope on Vi deal
Nokia and Ericsson have reported a 68% YoY fall in India net sales in Q2, 2024, with Reliance Jio and Bharti Airtel cutting down on network capex spends after completing their pan-India 5G rollouts. To revive their sales in India and support global growth, the companies will need to rely on fresh 4G and 5G gear supply deals with Vodafone Idea.
What to do with Vodafone Idea, Paytm, RailTel and 3 other stocks? Aamar Deo of Angel One decodes
With Infosys and Wipro Q1 results expected this week, investors are keenly awaiting them as that would set the trend for the overall IT sector. Expectations of the Q1 results of these companies are overall positive, but markets are known to react in mysterious ways at times, so better wait and watch.
Voda Idea shares up in early trade after Q4 show
Vodafone Idea Stock: Vi's net loss for the fiscal fourth quarter expanded to Rs 7,675 crore, up from Rs 6,986 crore in the previous quarter. The telecom company faces challenges from high debt and ongoing customer losses to competitors like Reliance Jio and Bharti Airtel.
Vodafone Idea Q4 Results: Net loss widens vs Q3; ARPU rise to Rs 146
Vodafone Idea’s net loss for the fiscal fourth quarter, FY24, widened sequentially to Rs 7,675 crore, dragged by high debt and even as it continued to lose subscribers.
Vodafone Idea Q4 Results: Cons loss widens to Rs 7,675 crore YoY; ARPU rises to Rs 146 from Rs 135
Vodafone Idea Q4 Results: Revenue from operations stood at Rs 10,607 crore against Rs 10,532 crore reported in the corresponding quarter of the last financial year. Its EBITDA for the quarter was reported at Rs 4,336 crore and there was an increase in subscriber base to 12.63 crore versus 12.26 crore in Q4FY23.
Q4 results today: Vodafone Idea, M&M among 94 companies to announce earnings on Thursday
Q4 results today: 94 companies, including M&M and Vodafone Idea, to announce Q4 results for Jan-Mar 2024. M&M expected to report net profit between Rs 1,777-2,079 crore with revenue at Rs 24,051 crore. Vodafone Idea's Q4 net loss to widen between Rs 7,307-7,680 crore with revenue around Rs 10,690.
GIFT Nifty rises 120 points; here's the trading setup for today's session
"We expect the market to consolidate in a broader range as the election polling progresses and the result season nears the end," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial
Vodafone Idea Q3 Results: Net loss narrows to Rs 6,989 crore on lower finance and operational costs
Operating income stood at an 11-quarter high, backed by growth in its 4G user base for the 10th straight three-month period, with average revenue per user (ARPU) – a key operational metric - rising 2.1% sequentially to Rs145. Arpu was mainly helped by “change in entry level plan and subscriber upgrades", Vi said in its earnings statement Monday.
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