Motilal Oswal: Airtel Africa Q2 Review - Healthy Performance On All Fronts; Capex Guidance For FY21 Remains Intact
An Airtel Africa adveritising hoaring in in N’Djamena, Chad. Growth in the continent has mitigated Airtel’s troubles in the sub-continent. (Photographer: Xaume Olleros/Bloomberg)

Motilal Oswal: Airtel Africa Q2 Review - Healthy Performance On All Fronts; Capex Guidance For FY21 Remains Intact

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Motilal Oswal Report

Airtel Africa reported revenue and Ebitda increased 13% and 15% QoQ to $965 million and $424 million respectively along with 70 basis point margin improvement to 43.9%.

On constant currency basis, revenue and Ebitda increased 12.5% and 15.6% QoQ to $963 million and $436 million (10% beat).

Ebitda margins were up 120 basis point QoQ to 45.3%. The high growth could be partly attributed to the lower base in Q1 FY21 due to Covid-19 lockdowns.

Yet, compared to Q4 FY20, reported revenue and Ebitda grew 7% and 8%.

Click on the attachment to read the full report:

Motilal Oswal Airtel Africa Q2FY21 Result Update.pdf

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