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.
ICICI Securities Report
Bharti Airtel Ltd.’s Q2 FY21 result shows its superior execution in India mobile, and across other segments.
Airtel’s India mobile print shows marked improvement in many areas such as growth in total subscribers without average revenue per user dilution which shows quality of customer addition; lower churn rate increasing life-time of customers and continued delivery of 4G net add, which has now likely matched the market leader.
Our estimates for FY21 had downside risk on delay in tariff hike; however, robust Q2 FY21 performance has offset much of it.
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