How do I see Idea results ?
What was In-line with estimates
Widening of losses, 300 bps fall in EBITDA margins, fall in ARPU and realizations.
What is concern ?
Further fall in ARPU for Q3, Q4 after cut in IUC
Potential increase in churn after increasing loss of subscribers from August
Balance Sheet Deleveraging not fructifying due to rising competitive intensity
Risk to weakness thesis?
Post Merger, business condition starts improving