Vodafone idea share price: The next day of the December quarter results, the stock of Telecom sector veteran Vodafone Idea, which was struggling with financial pressures, showed a strong pressure of selling. In the December quarter, its deficit recovered a minor recovery in the domestic market with a strong strike on shares with a selling pressure. Currently, it is at a price of Rs 8.35 to Rs 8.35 per cent on BSE. It fell 8.16 per cent to fall to Rs 8.10 in intra-day. It is more than 56 per cent downside from one year of record high. Last year, on 28 June 2024, it was at a one -year high of Rs 19.15 and on 22 November 2024 at a one -bottom of Rs 6.60.
How was the December quarter for Vodafone Idea?
In the December quarter, Vodafone Idea’s net deficit fell from Rs 6,986 crore to Rs 6,609 crore on an annual basis. During this period, the company’s revenue jumped 4 per cent to Rs 11,117 crore. On a quarterly basis, an average revenue per user also jumped 4.7 per cent to Rs 173 due to upgrading the tariff hike and customers to the higher plan. However, it was quite lower than the average revenue of Rs 203.3 and Airtel Rs 245 per user. The EBITDA of the telecom company also improved from Rs 4,549.8 crore to Rs 4,712.4 crore on a quarterly basis.
The company’s CEO Akshay Mundra says that investment is being increased and the speed of capital experts is going to rise further in the coming quarters. Apart from this, the work of starting 5G services is also going on in some places. Akshay has expressed hope that both operational and financial level will improve further. The company’s debt was Rs 2330 crore at the end of the December quarter. It has 19.98 crore subscribers of which about 63 percent are 4G and 5G subscribers.
What is the tendency of brokerage firm?
The brokerage firm CLSA has not made any changes in the underperform rating of Voda Idea. Its target price has been fixed at Rs 6. This target price is about 28 percent of the downside from the current level.
Bharti Airtel Q3 Results: Net profit increased by 505% in December quarter, ARPU increased to Rs 245
Vodafone Idea Q3 Results: Decreased losses in December quarter, ARPU increased to Rs 173
Disclaimer: Advice or idea experts/brokerage firms on Moneycontrol.com have their own personal views. The website or management is not responsible for this. Moneycontrol advises to users that always seek the advice of certified experts before taking any investment decision.