Vodafone Idea slips 15% after posting loss in Q4
Published On: Thursday, July 1, 2021 | By: Team KnowMyStock
Shares of Vodafone Idea tanked 15 percent to Rs 8.46 on the BSE in Thursday's intra-day trade after the company reported a big loss of Rs 7,023 crore during January-March quarter as against Rs 4,532 crore in the previous quarter (Q3FY21). The revenues declined sharply by nearly 12% on a quarter-on-quarter basis to Rs 9,608 crore, much below analyst expectations of Rs 10,040.50 crore. Ebitda (earnings before interest, tax, depreciation, and amortization), however, increased 2.8% sequentially to Rs 4,408 crore. Ebitda margins came in at 45.9%, a sharp increase of 660 basis points quarter-on-quarter.The company’s average revenue per user (Arpu) during the quarter declined to Rs 107 compared with Rs 121 in the preceding quarter. Average data consumption, however, rose to 13,068 MB against 12,288 MB in the previous quarter.
Meanwhile, the company's net debt stood at Rs 1.8 trillion as of March 2021 higher than Rs 1.17 trillion in the previous quarter, while its net worth stood at a negative Rs 38,228 crore, as against a negative Rs 31,243 crore in the December 2020 quarter.
The company's management said that there exists material uncertainty relating to its ability to continue as a going concern, which depends on its ability to raise additional funds, refinance debt and monetize some assets.
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