Bharti Airtel Q4 Review - Decent Performance: ICICI Direct

An employee of a Bharti Airtel Ltd. store poses for photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Bharti Airtel Q4 Review - Decent Performance: ICICI Direct


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 decent operating performance with beat on key performance indicators such as subscriber addition and margins, albeit average revenue per user traction was weaker than anticipated.

Consolidated topline came in at Rs 25,747 crore, up 2% QoQ on a like-to-like basis.

Indian wireless revenue rose 4.2% QoQ on like-to-like basis at Rs 14,080 crore.

Consolidated Ebitda came in at Rs 12,332 crore, up 2.3% QoQ with margin of 47.9% (up 244 basis points QoQ).

Click on the attachment to read the full report:

ICICI Direct Bharti Airtel Q4FY21 Result Update.pdf


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