Vodafone Idea Q1 loss narrows to Rs 3,754 crore; brokerages keep targets at Rs 12.25–15
Vodafone Idea reported a June-quarter net loss of Rs 3,754 crore, narrowing from Rs 6,608 crore a year earlier, while consolidated Ebitda rose 9.1% year on year to Rs 5,034 crore and ARPU increased 10.2% to Rs 195. Brokerages updated their calls, with UBS and Nomura at ‘Neutral’, CLSA at ‘Hold’, and Axis Capital at ‘Reduce’, setting targets between Rs 12.25 and Rs 15. The company is scheduled to hold an analyst briefing at 2:30 PM IST.