Q3FY24 outcomes preview: Vodafone Concept anticipated to report secure numbers regardless of subscriber challenges

As capital funding stays indefinitely suspended, Vodafone Concept is anticipated to report muted monetary efficiency within the December 31 quarter of the 2024 fiscal 12 months.

Analysts at JM Monetary count on Vodafone Concept’s subscriber loss pattern to proceed, with the online subscriber base declining by ~2.5 million in Q3 FY24. The telco has been witnessing a decline of two to 6 million subscribers per quarter in the previous couple of quarters as a result of migration of subscribers to different telcos.

They additional added that “…we count on ARPU to rise 2.5 per cent QoQ to ₹146 in 3Q FY24 in comparison with ₹142 in 2Q FY24, aided by enhancing subscriber combine. Therefore, we count on income to develop 1.4 per cent QoQ to ₹10,900 crore; EBITDA can be prone to develop 2.4 per cent QoQ to ₹4,400 crore.”

In the meantime, Dhruv Mudaraddi, Analysis Analyst at StoxBox stated, “We consider that the Vodafone Concept (VI) is anticipated to come back out with a secure set of numbers in Q3FY24 supported by growing rural penetration, development in broadband subscribers, and roll-out of 5G providers which can result in enchancment in Common Income per Consumer (ARPU). Although the telecom firm’s subscriber is anticipated to see wholesome development which can contribute to VI’s topline development, we count on the margins to contract marginally on account of 5G-related prices.”