Bharti Airtel Q3 Review - Continued Strong Performance On Market Share Wins: Motilal Oswal
The Bharti Airtel Ltd. logo sits on company’s retail store in Mumbai, India. (Dhiraj Singh/Bloomberg)

Bharti Airtel Q3 Review - Continued Strong Performance On Market Share Wins: Motilal Oswal

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.

Motilal Oswal Report

Bharti Airtel Ltd. displayed a good performance in Q3 FY21 for the second quarter in a row, with a consolidated Ebitda jump of 9% QoQ (5% beat).

This was attributable to strong market share gains and average revenue per user improvement, aided by operating leverage in Mobile India.

The Africa business also continued its good run.

We marginally raise our FY22E consolidated Ebitda, factoring in steady 20% Ebitda growth in FY22 over a stellar 28% growth in FY21.

Click on the attachment to read the full report:

Motilal Oswal Bharti Airtel Q3FY21 Result Update.pdf

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