Airtel Africa - Healthy Performance In Nigeria, Francophone Africa Drives Q3 Growth: Motilal Oswal  
A man rides a bicycle past an advertisement for Airtel Ghana Ltd. in Accra, Ghana. (Photographer: Ty Wright/Bloomberg)

Airtel Africa - Healthy Performance In Nigeria, Francophone Africa Drives Q3 Growth: Motilal Oswal  

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Motilal Oswal Report

Airtel Africa reported revenue/Ebitda increased 9.3%/18.4% QoQ to $1,055 million/$553 million, along with a 360 basis point improvement in margin to 47.6%.

In constant currency, revenue/Ebitda rose 7.8%/11.7% QoQ to $1,038 million/$487 million (in line).

Ebitda margin improved 160 basis point QoQ to 46.9%. This was led by QoQ average revenue per user growth of 3.6% to $2.9 (versus $2.8 in Q2 FY21) and an increase in the subscriber base by 2.2% to 118.9 million (versus 116.4 million in Q2 FY21).

Reported profit after tax was up 31.8% QoQ to $116 million.

Click on the attachment to read the full report:

Motilal Oswal Airtel Africa Update.pdf

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