Airtel Africa Q4 Review - Growth In Data Revenue Remains Robust Across Geographies: Motilal Oswal
Pedestrians check their mobile phones under the shelter of parasol featuring a Bharti Airtel Ltd. logo in Lilongwe, Malawi. (Photographer: Waldo Swiegers/Bloomberg)

Airtel Africa Q4 Review - Growth In Data Revenue Remains Robust Across Geographies: Motilal Oswal

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Motilal Oswal Report

Airtel Africa Ltd.’s revenue/Ebitda fell 2% each QoQ to $1,038 million/$492 million in Q4 FY21, with a 20 basis point decline in margin to 47.4%.

On a constant currency basis, revenue/Ebitda rose 2%/4% QoQ to $1,058 million/$506 million (in line).

Ebitda margin improved 90 basis point QoQ to 47.8%.

Performance remained flattish QoQ as average revenue per user increased by 1% to $3, while net subscriber base declined by 0.6% to 118.1 million.

Reported profit after tax rose 69% QoQ to $154 million due to lower (down 19%/27% QoQ) finance/tax charges, leading to profit after tax benefits.

Click on the attachment to read the full report:

Motilal Oswal Airtel Africa Q4FY21 Result Update.pdf

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