Bharti Airtel Q4 Review - Under-Appreciated Businesses Are Also Creating Value: ICICI Securities
A pedestrian walks in front of a Bharti Airtel Ltd. money agent shop in Mombasa, Kenya. (Photographer: Luis Tato/Bloomberg)

Bharti Airtel Q4 Review - Under-Appreciated Businesses Are Also Creating Value: ICICI Securities

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 Securities Report

Bharti Airtel Ltd.’s Q4 FY21 print was in-line with a bit of disappointment on average revenue per user and higher network cost eating positive surprise in Ebitda.

The company has expanded its market share across businesses with many businesses under-appreciated.

Mobile revenue market share likely reached life-time high. The company is investing in network which should continue to aid market share even in FY22.

In Q4, it has achieved mobile revenue and Ebitda growth of 19% and 32% YoY without any tariff hike help, which is commendable.

Click on the attachment to read the full report:

ICICI Securities Bharti Airtel Q4FY21 Results Update.pdf

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