Higher capex and depreciation post commercialisation, increased operating costs as well as interest costs are expected to hit the company's FY22 earnings
The near-term outlook is uncertain and may weigh on its rental portfolio
What has helped the performance in the quarter, especially in the domestic business, is the early kharif season which resulted in stocking up of products in the June quarter
But ongoing capex and depreciation may weigh on bottom line
Cash per share after transaction at Rs 852 is more than double the current price
Recovery in segments such as transportation could be pushed to FY22
The last of the five-part series looks at the sector that was relatively unaffected by the Covid-induced lockdown
These companies reported an increase in revenue and/or profit before tax for the March quarter
Valuations too are attractive, at a 35 per cent discount to Infosys
About 60% of Vodafone Idea's customer base is in the 2G space
The positives, according to analysts, are a simplified group structure, investment options for minority shareholders and value discovery of international business
The latest fund raising news comes on the back of RIL's announcement that it has turned net debt free ahead of its March 2021 deadline
Weak residential sales, low hotel occupancy add to worries
Loss in subscriber count offsets gains on ARPU front in the March quarter
Freight corridor delay, licence fee hike among headwinds for the stock
Analysts expect the M&HCV segment to fall by another 13-15% in FY21
Discounts from suppliers, no BS-VI inventory and better raw material cost management also helped on the gross margin front.
The company lost 200 basis points market share in M&HCVs in FY20
Organised players to score market share gains over unorganised peers
Despite the limited number of flights and price restrictions, analysts believe that the fares are yield accretive for airlines