Vodafone Idea Q1 preview: Subscriber losses, flat ARPU to dent revenue prospects

Vodafone Idea is expected to report a flat revenue for the quarter that ended June 30 owing to losses in the subscriber base coupled with a flattish Average Revenue Per User (ARPU) according to estimates by four brokerages. The estimated revenue for the reporting quarter is likely to be between Rs 10,600 crore and Rs 10,709 crore.

Meanwhile, net losses for the company could be in the range of Rs 7,489 – Rs 8,100 crore, the estimates revealed.

The estimates have been given by Nomura, Kotak Institutional Equities, JM Financial and Nuvama Institutional Equities.