ICICI Securities Limited
Bharti Airtel's Q3FY20 performance was strong on the operating front. The key highlight was the staggering 20.7 million (mn) 4G subscribers net adds during the quarter attributable to IUC tariff charge by Jio, which led to consolidation of second SIMs and subsequent switch to Airtel. Consolidated revenues were at | 21947 crore, up 3.9% QoQ, driven by 6% QoQ growth in Africa revenues at | 6269 crore while the reported India wireless revenues came in at | 11165 crore (up 1.7% QoQ), with ARPU of | 135, up 5.3% QoQ. The consolidated EBITDA margins came in higher at 42.1% up 30 bps QoQ....
Bharti Airtel Ltd. is trading at high day volume of 100.7M.
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