Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
45.45
Change Change %
-0.30 -0.66%

Updated:21 Sep, 2018, 15:59 PM IST

BSE
45.35
Change Change %
-0.45 -0.98%

Updated:21 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
31-07-2017 Hold 94.65 91.00
N/A
Target Hit Long (1Y)
31-07-2018

Edelweiss maintains hold on Idea Cellular

Idea Cellular (Idea) reported 0.5% QoQ revenue growth (Street's estimate 1.0% decline) to INR81.7bn as voice and data realisations plunged, though offset by volume surge. However, EBITDA margin eroded by 310 basi spoints QoQ to 23.0% on higher network and IUC cost. Idea continued to lose data subscribers with 4.1mn drop in Q1FY18. We believe that high leverage is limiting Idea's ability to invest in network and subscriber acquisition at a time when industry is shifting towards data and aggressive operators are focusing on user engagement matrix over revenue. As competitive intensity will continue to keep industry revenue growth under pressure, we expect margins to remain subdued.

Top