Apart from the above, Optiemus Infracom, Panacea Biotech, Pasupati Fincap, MRO-Tek Realty, MPDL, Monind, Kaveri Seed Company, Jagatjit Industries, Gita Renewable Energy, Emerald Leisures, Arkade Developers, Aayush Wellness, Brigade Enterprises, Crane Infrastructure and a few others will announce their quarterly results.
Vodafone Idea Q2 expectations
Telecom company Vodafone Idea Ltd is expected to narrow its consolidated losses for the second quarter ended September 2024, while revenues are likely to grow marginally.Net losses for the quarter may narrow in the range of Rs 6300-6400 crore, according to estimates from three brokerages. Revenues are seen rising 5% year-on-year in the September quarter.On a sequential basis, analysts expect the telco to report decent growth in revenues, operating profit and ARPU (Average revenue per user).
Also Read: Vodafone Idea Q2 Preview: Losses to narrow; ARPU to improve on tariff hikes
ARPU for the quarter may improve quarter-on-quarter to anywhere between Rs 156 and 159, while the subscriber base is expected to further decline by 4 million.Motilal Oswal expects a 5% QoQ revenue growth as the tariff hike benefit is partly offset by continued subscriber declines. “Expect reported EBITDA to grow 5% QoQ with EBITDA margin expanding 30bp QoQ to 40.3%,” the brokerage said.
Kotak Equities is modeling a EoP subscriber base to decline by 2 million QoQ to 208.1 million, while it estimates ARPU to increase 9% QoQ to Rs 159/month on tariff hikes and continuing subscriber mix improvements.
“We estimate revenue growth of 9.6% QoQ, backed by elevated ARPU. EBITDA margins to expand by 430bps QoQ. Key monitorables: plans to increase network capacity and arrest subscriber decline,” another brokerage Nuvama said.
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