Vodafone Idea Ltd's Q3FY19 consolidated net loss widens to Rs5,005cr qoq : In-line with Estimates

The company’s consolidated revenue stood at Rs11,764.80cr

Feb 07, 2019 08:02 IST India Infoline Research Team

Vodafone Idea Ltd Q3FY19

Consolidated Results Q3FY19: (Rs. in cr)

Q3FY19 QoQ (%)
Revenue 11,764.80 53.5
EBITDA 1,136.90 146.4
EBITDA Margin (%) 9.7 364
Net Loss  5,004.60 0.6
***EBITDA margin change is bps

Vodafone Idea Ltd’s revenue stood at Rs11,765cr vs. Rs7,664cr qoq. EBITDA came in at Rs1,137cr vs. Rs461cr qoq. EBITDA margin stood at 9.7% vs. 6.02% qoq. Company’s Net loss stood at Rs5,004cr vs. Rs4,974cr qoq. EBITDA came in-line with the estimates of Rs1,130cr.

• This is first full quarter result for Vodafone Idea Ltd post-merger, hence, results are not comparable.
• Board has approved the rights issue of Rs25,000cr.
• The company has given additional site exit notices to the tower vendors during the quarter. Unsettled demand on the company as on December 31, 2018 stood at Rs2,783cr. Company has recognised Rs725cr during the quarter in addition to Rs1,000cr in the previous quarter. Company estimates that settlement amount would not exceed Rs1,285cr.

Technical View:

Vodafone Idea Ltd ended at Rs. 29.80, down by 0.5 points or 1.65% from its previous closing of Rs. 30.30 on the BSE.
The scrip opened at Rs. 30.25 and touched a high and low of Rs. 30.30 and Rs. 28.80 respectively. A total of 19,97,149 (NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

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