Apart from the above, companies like AIA Engineering, Endurance Technologies, Nalco, Hindustan Copper, ITI, Natco Pharma, Olectra Greentech, Happiest Minds, Balrampur Chini Mills, Sunteck Realty among others will also declare their quarterly results.
Vodafone Idea Q1 expectations
Vodafone Idea is expected to report a flat revenue for the quarter ended June 2024, owing to losses in subscriber base coupled with a flattish Average Revenue Per User (ARPU), according to estimates by four brokerages. The estimated revenue for the reporting quarter is likely to be between Rs 10,600-10,709 crore.
Meanwhile net losses for the company could be in the range of Rs 7,489-8,100 crore, the estimates revealed, which have been sourced from Nomura, Kotak Institutional Equities, JM Financial and Nuvama Institutional Equities.
The highest revenue estimate is given by JM Financial while the lowest is by Nomura. As for net losses, the highest decline is estimated by Nomura which it said could widen on a YoY basis while Kotak sees losses to come down year-on-year. Japanese brokerage Nomura sees net losses for the reporting quarter at Rs 8,100 crore, while a revenue of Rs 10,600 crore which is expected to remain flat on the YoY and QoQ basis.Earnings Before, Interest, Tax, Depreciation and Amortisation (EBITDA) is seen at Rs 4,400, which could go up by 5% on a YoY basis and 1% on a sequential basis.EBITDA margin for the reporting quarter is pegged at 41% versus 39% in Q1FY24 and 40.9% in Q4FY24. The Average Revenue Per User (ARPU) for the reporting quarter is estimated at Rs 148, up from Rs 139 in Q1FY24 and Rs 146 in Q4FY24.
Kotak Equities expects Vodafone Idea’s net loss to narrow to Rs 7,489 crore in the June ended quarter on the YoY and QoQ basis. It is expected to come down by 4.4% YoY and 2.4% QoQ from Rs 7,840 crore in Q1FY24 and Rs 7,677 crore in Q4FY24.
EBITDA for the April-June quarter is seen at Rs 4,225 crore, which may see a rise of 1.6% YoY and down by 2.6% QoQ.
“We expect QoQ flat revenue as continued subscriber decline would likely offset marginal QoQ ARPU uptick. Reported EBITDA likely to decline 3% qoq on sequentially higher network opex,” a Kotak note said.