BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
Bharti Airtel Ltd. reported strong all-round beat in Q2 FY21 across both India Wireless and Africa.
A solid 14 million subscriber, 14.5 million 4G additions, 3.4% QoQ average revenue per user (computed 5.5%) in India wireless and 5 million subscriber additions in Africa with 8.8% QoQ ARPU growth were key highlights.
Other business segments too especially DTH reported healthy performance.
Bharti’s strong business trajectory, reasonable valuations (approximately 8/6.4 times FY21/22E enterprise /Ebitda) should re-impose investor confidence and lead to reversal of some of its recent underperformance.
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