Bharti Airtel - Favorable Market Positioning: Motilal Oswal

Motilal Oswal Report

The consolidation in the telecom sector has been favorable for Bharti Airtel Ltd. as the company, after many years of weak returns on capital, is now set to see a swing in its fortunes.

Consistent market share gains, organic average revenue per user improvements and controlled costs have boosted Bharti Airtel’s Ebitda, offsetting the higher capex internally and continued deleveraging.

Over the next couple of years, we believe that Bharti Airtel will continue to benefit from the favorable market construct, which should result in improvements in free cash flow and return on capital employed.

The company is expected to execute awaited tariff hikes in the next couple of quarters, which could act as a catalyst for the stock, in our view.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.