Bharti Airtel Delivers Robust Operating Show Again In Q3: ICICI Direct
Signage for Bharti Airtel is displayed atop one of the company’s stores in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Bharti Airtel Delivers Robust Operating Show Again In Q3: ICICI Direct

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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 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.

Click on the attachment to read the full report:

ICICI Direct Bharti Airtel Q3FY21 Result Update.pdf

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