Vodafone Idea falls 9% on weak operational performance in Q2

The stock slipped 9% to Rs 37.60 on the BSE after the telecom services provider said its pro-forma consolidated Ebitda declined 28.7% at Rs 9.78 billion in Q2FY19 sequentially.

Shares of Vodafone India have slipped 9% to Rs 37.60 per share on the BSE after the telecom services provider said that its pro-forma consolidated Ebitda (earnings before interest, tax, depreciation and amortization) declined 28.7% at Rs 9.78 billion in September quarter (Q2FY19) sequentially. It had Ebitda of Rs 13.72 billion in previous quarter (Q1FY19).

Ebitda margin was down 250 bps at 8.15 in Q2FY19 from 10.6% in Q1FY19. Revenue decreased by 7.1% Q-o-Q at 120.24 billion. The revenue was impacted by lower customer base and declining average revenue per user (ARPU) from Rs 92 to Rs 88 during the