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.
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