Vodafone Idea another step closer to bankruptcy post dismal Q1 earnings
In Q1FY22, Vodafone Idea's subscribers declined by a massive 12 million. This compares with a flat subscriber base of competitor Bharti Airtel Ltd and 14.4 million net additions for Reliance Jio
Earnings Call for Q1FY22 of Vodafone Idea
Conference Call with Vodafone Idea Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript.
Q1FY22 Result Announced for Vodafone Idea Ltd.
Highlights for the Quarter: Q1 impacted by COVID related disruptions; Strong data volume growth reflects improving consumer engagement and seamless connectivity. Revenue declined by 4.7% QoQ to Rs. 91.5 billion on account of slowdown in economic activities due to lockdown/restrictions in several districts during the severe second wave of COVID Strong data volume growth of 13.2% QoQ reflects robust consumer engagement Continued network capacity expansion supported by spectrum refarming and network upgrade to 4G Vi GIGAnet continued to offer superior network experience on both, data and voice, as reflected in independent external reports Cost optimization underway with target to achieve Rs. 40 billion annualized opex savings by December 2021; achieved ~70% of targeted opex efficiency on run rate basis On fund raising, the company is currently in active discussion with potential investors The Hon’ble SC dismissed the modification application filed by the Company and Other Telecom Operators for correction of the manifest/clerical/arithmetic errors in AGR calculation. Subsequently, the company has filed a review petition with the SC. Revenue for the quarter was Rs. 91.5 billion, a decline of 4.7% QoQ, on account of slowdown in economic activities due to lockdown or restrictions in most of the districts during the severe second wave of COVID. On a reported basis, EBITDA for the quarter was Rs. 37.1 billion, with EBITDA margins at 40.5% vs 45.9% in Q4FY21. EBITDA excluding IndAS 116 impact declined to Rs. 12.8 billion, adjusted for one-off of Rs. 1.0 billion, compared to Rs. 17.2 billion in Q4FY21 (adjusted for one-off of Rs. 4.5 billion), on account of lower revenue during the quarter. Capex spend for Q1FY22 was Rs. 9.4 billion vs Rs. 15.4 billion in Q4FY21. The total gross debt (excluding lease liabilities and including interest accrued but not due) as of June 30, 2021 stands at Rs. 1,915.9 billion, comprising of deferred spectrum payment obligations of Rs. 1,060.1 billion and AGR liability of Rs. 621.8 billion that are due to the Government and debt from banks and financial institutions of Rs. 234.0 billion. Cash & cash equivalents were Rs. 9.2 billion and net debt stood at Rs. 1,906.7 billion. Ravinder Takkar, MD & CEO, Vodafone Idea Limited, said “The severe second wave of COVID caused significant disruptions and slowdown in economic activities. During these challenging times, VIL continued to serve its customers and community at large by providing seamless connectivity as well as maintaining superior quality of services. Vi GIGAnet’s superior network experience on both data and voice, is testified through top rankings in independent external reports. We continue to focus on executing our strategy to keep our customers ahead, and our cost optimization plan remains on track to deliver the targeted savings. We are in active discussion with potential investors for fund raising, to achieve our strategic intent.” Result PDF Vodafone Idea Ltd - 532822 - Re-Appointment Of Independent Directors
Please find attached an Intimation concerning re-appointment of Independent Directors for second term
Vodafone Idea reports Rs 7,319 crore net loss in Apr-Jun, ARPU declines to Rs 104
The cash-strapped telecom operator's revenue from operations declined to Rs 9,152.3 crore during the quarter from Rs 10,659.3 crore a year ago. Vodafone Idea Ltd - 532822 - Quarterly Report On The Performance For The First Quarter Ended 30 June 2021
Quarterly Report being issued on the performance of the Company for the first quarter ended 30 June 2021. Vodafone Idea Ltd - 532822 - Unaudited Financial Results For The Quarter Ended 30Th June 2021
Vodafone Idea Limited has submitted Unaudited Financial Results for the quarter ended 30th June 2021 Vodafone Idea Ltd - 532822 - Announcement under Regulation 30 (LODR)-Credit Rating
Vodafone Idea Limited has informed regarding revision in Credit Rating by CARE. Vodafone Idea Ltd - 532822 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Vodafone Idea Limited has informed the Exchange regarding analysts / investor conference call to be held on 16 August 2021, on the Company''''s performance for first quarter ended 30 June 2021
Vodafone Idea's situation may be tough even post relief measures: Report
Vodafone Idea's cash flow analysis indicates that its situation may remain challenging even after any relief measures, and the telco needs 'meaningful capital infusion' with a long gestation period to become competitive, a Credit Suisse report said