Vodafone Thought Q2 Preview: Agency to see average income progress; ARPU to rise 2-3% QoQ

Vodafone Thought is more likely to publish average income progress of round 0.5-1% (each YoY and QoQ) for the quarter ended September as the next ARPU (common income per consumer) is offset by subscriber losses.

Web loss for the quarter is seen decreasing marginally to round Rs 7,770 crore, in contrast with Rs 7,840 crore loss within the June quarter.

Analysts estimate the subscriber churn to proceed into the second quarter with an general consumer lack of 4.5 million, as towards a 4.5 million subscriber loss within the earlier quarter.

ARPU is pegged to develop round 2-3% for the July-September interval.

Buyers would be careful for the administration commentary on the replace on fund-raising, plans to extend community capability, and the arrest subscriber decline.

This is what analysts count on from Vodafone Thought Q2

JM Monetary
We count on MBB subscriber addition to proceed to be muted at 1 million. ARPU is anticipated to rise 2.0% QoQ to Rs 142 in 2QFY24 (vs. Rs 139 in 1QFY24). Therefore, we count on reported EBITDA to be up solely marginally QoQ at Rs 41.8 billion in 2QFY24.

Nuvama
We estimate average income progress of 0.9% QoQ, on 3% ARPU enhance and three million subscriber decline. EBITDA margins to increase by 80bps QoQ.

Kotak Equities
We mannequin EoP subscriber base to say no by 3.5 million QoQ to 217.9 million and ARPU to extend 2% QoQ to Rs 142/month on flow-through of minimal recharge plan hikes, subscriber combine enhancements and better days in Q2.

ICICI Securities
We count on VIL’s income to rise 0.4% QoQ to Rs 10,700 crore, regardless of sub losses, aided by ARPU progress on rise in penetration of limitless plans in Q2FY24E. We count on EBITDA to enhance 0.2% QoQ on working leverage. Web loss is seen at Rs 7,770 crore (nil tax rebate).

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