FCF - Latest News Update, Information, Photos & Videos on FCF at Lokmat Times

London-based analysts at HSBC said in a research note after Vodafone Group's half-yearly results announced on Tuesday that its Indian operation's condition was critical."The JV in India is clearly in a precarious situation following the Supreme Court's AGR-related fine," HSBC said.It noted that the carrying value of VIL on Vodafone's balance sheet was now nil. Group cash flow guidance assumes no recharges or dividends from Indus Towers, a combined 250 million euro headwind, and the possibility that at least a portion of the 1.1 billion euro indemnity provision will be drawn on has likely risen."Vodafone's CEO reiterated that there will be no further injection of group equity into India," HSBC said.Deutsche Bank said, "For the 'avoidance of doubt', the management will not deploy any additional parent capital into India (have lobbied for relief from government, Indus Towers merger awaiting regulatory approval)."In a research report, Goldman Sachs noted that the sustainable top-line growth improvement and ongoing efficiency efforts help offset continued losses in India, and should support improving longer term returns.Most analysts had a positive view of Vodafone results but negative commentary on India operations.Credit Suisse said the first look for the results is encouraging."There were some negatives too with free cash flow (FCF) guidance lowering slightly to reflect a zero contribution from India (was 250 million euro previously) and a weak net adds performance in Germany," it said.Morgan Stanley said that Vodafone has reported decent Q2 H1 results. Its top-line revenue growth was particularly strong, it said.Vodafone is now targeting FCF of 5.4 billion euro essentially a downgrade, considering the integration of four cable assets due to lack of dividend from Indian towers and loss of NZ cash flows.JP Morgansaid said in a note, "We believe Vodafone's shares heavily over-discount risks including balance sheet overhangs, spectrum spend uncertainty and a disrupted growth outlook across several key markets. Moreover, we expect the group to take further steps to address these strategic risks over the next 12 months."( With inputs from IANS )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Fcf, NewsFOLLOW

Fcf, Latest News

International :Riding on robust Q1 results, Infosys raises FY23 revenue outlook

Bengaluru, July 24 Registering a 21.4 per cent year-on-year growth, leading IT player Infosys reported a robust performance ... ...

International :Q4 Results: Infosys reports highest annual growth in last decade

Bengaluru, April 13 Infosys, India's leading IT services provider, on Wednesday reported a net profit of 12 per ... ...

International :Freight rates perk up some more, but diesel singes margins

Mumbai, Nov 8 With the monsoon withdrawing, consumption recovering, and infrastructure activity picking up, freight rates saw a ... ...

Football :Colombian football could resume in August or September: minister

He'd like to see what happens in Europe and the important global leagues." When competitions do resume, matches will be played behind closed doors for an indefinite period, according to Lucena. ...

Business :Vodafone's JV in India in precarious situation: HSBC

Global brokerage major HSBC has noted that Vodafones joint venture (JV) in India is in a precarious situation after Vodafone's global CEO reiterated that there will be no further injection of group equity into India. ...