Vodafone Concept (VIL) shares in Thursday’s morning offers (February 13, 2025) gained as much as 6.3 per cent on the day’s excessive to Rs 8.94 on the BSE. The good points within the inventory are triggered after international brokerage Citi has continued with its ‘purchase’ name on the inventory with the goal slashed to Rs 12 from the sooner Rs 13. The brand new revised goal implies potential good points of 43 per cent from the earlier shut of Rs 8.41 per share.
The brokerage identified that within the close to time period, it is very important control the Rs 5,500 crore money cost that’s as a result of authorities by March 10. Community investments, alternatively, are nonetheless growing on the telco, with advantages anticipated beginning in 4Q, it added.
In the meantime, as per stories the Division of Telecommunications (DoT) has requested VIL to supply a financial institution assure (BG) of Rs 6,091 crore for 1 yr and the deadline for a similar is saved as March 10.
A one-time cost shortfall for spectrum bought after 2015 is meant to be lined by this financial institution assure. As well as, the beleaguered telecom operator has been given the selection to both pay Rs 5,493 crore for spectrum dues from 2015 in money or pay the total financial institution assure.
Nonetheless, the telco has to decide on between the 2 choices and adjust to the directive of the Division of Telecommunications.
Vodafone Concept Q3FY25 outcomes
For the December quarter, the corporate’s internet loss narrowed to Rs 6,609.3 crore as in opposition to Rs 7,175.9 crore within the previous quarter. Additionally, led by a hike in common income per consumer (ARPU), the corporate’s topline rose 1.7 per cent quarter-on-quarter (QoQ) to Rs 11,117.3 crore from Rs 10,932.2 crore in Q2FY25.
Vodafone Concept share value efficiency
Within the final one yr, the inventory has tanked 40 per cent, whereas on a year-to-date (YTD) foundation Vodafone Concept scrip has gained over 11 per cent.
