Bharti Airtel Delivers Robust Operating Show Again In Q3: ICICI Direct
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ICICI Direct Report
Bharti Airtel Ltd. reported yet another strong operating performance with beat on key performance indicators such as average revenue per user, subscriber addition and margins.
Consolidated topline came in at Rs 26,518 crore, up 5.8% QoQ on a like to like basis, driven by Indian wireless revenues, which were up 6.8% QoQ (32.4% YoY) at Rs 14,779 crore, with ARPU growth of 2.4% QoQ at Rs 166 and strong net sub addition of approximately 14.2 million.
Africa revenues were up 6.7% QoQ at Rs 7644 crore.
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