Indus Towers has set August 9 as the record date for its buyback, which represents 9.9971% and 9.9668% of its fully paid-up equity share capital and free reserves as of June 30, 2024. The company reported a 43% YoY increase in net profit to Rs 1,926 crore for Q1, fueled by Bharti Airtels 5G expansion and past dues collection from Vodafone Idea.

Indus Towers announces Rs 2,700 crore share buyback. Check record date

Indus Towers reported a 43% rise in net profit to Rs 1,926 crore for its fiscal first quarter, mainly due to tower additions from Bharti Airtels 5G rollout and overdue collections from Vodafone Idea. Quarterly revenue increased 4.3% to Rs 7,383 crore. The company also approved a share buyback program worth Rs 2,640 crore.

Indus Towers Q1 Results: Net profit up 43%, to buy back shares worth Rs 2,640 cr

Vodafone Idea (Vi) recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling around half of its debt to the network solutions provider

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

In fiscal 2025, salary hikes in the telecom sector are projected to average 9%, down from FY23’s 10.19%. Demand for mobile phones has slowed, impacting increments. Bharti Airtel and Vodafone Idea provided hikes up to 12%. Telecom workforce growth is expected to decelerate to around 30%, reflecting reduced capital expenditure at Jio and Airtel after 5G rollouts.

Telecom sector salary hikes for FY25 slip to 9%

Major telecom operators have revised their plans following recent tariff hikes. Here’s a detailed comparison of the 1.5GB daily data plans offered by Reliance Jio, Bharti Airtel, Vodafone Idea, and BSNL.

Reliance Jio, Airtel, BSNL, Vodafone Idea 1.5GB data per day prepaid plans compared

Sebi was examining if the fund house had adequately recorded reasons for its investment decisions, among other things. Also, the market regulator looked into the reasons for the sale of three stocks viz. Hindustan Zinc, Sadbhav Engineering and Vodafone Idea, which resulted in losses worth Rs 1.61 crore, Rs 14.97 crore and Rs 25.43 crore, respectively. The total loss was recorded at Rs 42 crore.

Sebi rules order exonerating HSBC AMC “erroneous”, slaps Rs 5 lakh penalty on it

GTL Infra shares climbed 3.85 per cent to Rs 3.24 on NSE. The stock saw 64,82,94,159 shares worth Rs 290 crore changing hands. It was followed by Vodafone Idea, which saw 57,93,54,485 shares worth Rs 917 crore changing hands.

Vodafone Idea, Infibeam, HCC, YES Bank, MMTC, SJVN, Sanstar shares see surge in NSE volumes

N Jayakumar, MD of Prime Securities, emphasized that markets favor growth, supported by new capacities and better utilization. He noted a significant shift toward B2B investments and capex in engineering, metals, and mining sectors. The article also highlighted Vodafone’s need for equity due to undercapitalization, showcasing how equity markets rescue debt-laden companies.

Which end of the market is compounding now? N Jayakumar answers

There was a shop named Janata General Shop owned by Rupali Modle, and behind the shop, the vacant land was rented out to Ramesh Jha of Rakshit Infrastructure for three years. Every month, Modle received a rent of Rs 12,000. On this land, Vodafone erected their tower.

Mumbai: Houses Damaged After Illegal Vodafone Tower Collapses In Bhandup; FIR Filed

The Union Budget 2024-25 increased customs duty on specified telecom equipment to 15%, causing significant stock declines and a 497.22-point drop in Sensex. HFCL, Vodafone Idea, and others dipped, while Kavveri Telecom, Shyam Telecom, and Indus Towers gained. Critical minerals were exempt to help strategic sectors.

Telecom infra stocks plunge as govt hikes import duty by 5 pc on telecom gear

Consequent to the aforesaid allotment of equity shares in the Offer, the paid-up equity share capital of the Company stands increased to Rs 696,996,945,760 comprising of 69,699,694,576 equity shares of the face value of Rs. 10/- each.

Corporate

Vodafone Idea concludes preferential issue of shares for Rs 2,458 cr

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Vodafone Idea Ltd, formerly Idea Cellular Limited, is a telecom service provider