Despite a better Q4\, higher debt\, AGR case weigh on Vodafone Idea stock

Despite a better Q4, higher debt, AGR case weigh on Vodafone Idea stock

A deferred payment in the AGR case especially over a 20-year period is a requisite coupled with improving cash flows for the company to survive

Topics
Vodafone Idea | Adjusted gross revenue | Telecom

Ram Prasad Sahu  |  New Delhi 

Despite a better than expected March quarter performance led by price hikes in December, the Vodafone Idea (VIL) stock shed over 4 per cent in trade. While there has been an improvement on the operational front, increase in debt, the overhang of the adjusted gross revenue (AGR) issue and falling subscriber levels are the key concerns for the Street.

The positive, however is the sharp increase in average revenue per user or ARPU by 11 per cent on sequential basis and 16 per cent over the year ago quarter to Rs 121 per month in the March quarter. The ARPU increase is however lower than ...
First Published: Wed, July 01 2020. 16:02 IST