View 23 reports from 5 analysts offering long term price targets
for Bharti Airtel Ltd..
Bharti Airtel Ltd. has an average target of 851.50. The consensus estimate
represents an upside of 17.64%
from the last price of 723.80.
- This broker has downgraded this stock from it's previous report. (eg. - Buy->Hold)
- Broker has maintained previous recommendation but reduced target price.
- This broker has upgraded this stock from it's previous report.(eg. - Sell->Hold)
- Broker has maintained previous recommendation but increased target price.
The effective tariff hike of ~20% in prepaid plans is expected to contribute incremental revenue/EBITDA of INR103b/INR72b, thereby driving 13% consolidated EBITDA growth on a 2QFY22 annualized basis. To improve cash flow in the industry, other large players are expected to follow suit in the immediate future. Bharti's lower churn and strong network capability leaves room for a...
Enhanced customer base, improvement in ARPU, lower access charges and enhanced focus on digitalization should drive growth over longterm. We expect company to maintain solid position in DTH and Mobile services business, and hence reiterate our BUY rating on the stock with a revised TP of Rs. 856 based on SOTP valuation. New customer base continues to drive revenue growth Bharti Airtel's Q2FY22 revenue rose by 13% YoY to Rs. 28,326cr, mainly driven by an increase in customer base (+9.1% YoY to reach 480mn). Revenue from India mobile services, the largest revenue generating segment, grew 9.8% YoY to Rs. 15,191cr, and...
Bharti Airtel reports turnaround Q2 numbers; ARPU rises 7% YoY to Rs 153, PAT reported 1134 crore, in line with estimates The telecom operator posted quarterly revenues of Rs 28,326 crore, rising 18.8% year on year on comparable basis and 13% YoY on a reported basis, backed by strong performance delivery across the portfolio. Consolidated EBITDA witnessed an increase of 24.5% YoY to Rs 14,018 crore in Q2 FY22. EBITDA expansion was broad based across the portfolio. EBITDA margin improved to 49.5% in Q2 FY22 from 44.9% in Q2 FY21. Incremental EBITDA margins across...
We maintain our BUY rating on the stock. Given the company's superior margins, stronger subscriber growth, and higher 4G conversions, we value the stock at Rs 770/share based on SOTP valuation. TP indicates an upside of 10% from the CMP.
Bharti posted a strong 2QFY22, with consolidated EBITDA up 6% QoQ (above our estimate) on India Mobile/Africa EBITDA growth of 6%/5%, led by a 5% increase in India Mobile ARPU. This has continued to drive FCF, post interest, despite higher capex. The only dampener was the steady rise in net debt, which should fall with rising FCF and proceeds from the rights issue. The management is making the right noise in terms of steady market share gains, premiumization, cross selling through digital initiatives, and healthy inroads in non-Mobile revenue streams like payments bank, Home, and...
Bharti Airtel (Airtel) announced that its board has approved raising up to | 21,000 crore via rights issue at | 535 per share, with rights entitlement ratio at one equity share for every 14 equity shares held, implying equity dilution of ~7%. Terms of payment: Issue price will be 25% on application and balance in two more additional calls within 36 months The promoter & promoter group will collectively subscribe to the full extent...
We recommend a BUY rating on the stock with SOTP based valuation at Rs 700 indicating 13% upside from CMP owing to the company's better margins, stronger subscriber growth, and higher data consumption.
Large number of new customer addition, improvement in ARPU and lower accessibity charges should drive growth in long-term. We expect company to maintain solid position in DTH and Mobile services business in the long-term, and hence reiterate our BUY rating on the...
We maintain our BUY rating and with better margins, stronger subscriber growth, and higher 4G conversions, value the stock at Rs 700/share based on SOTP valuation. TP indicates an upside of 22% from the CMP.
Bharti Airtel (BHARTI) delivered healthy EBITDA growth of 5% QoQ on a consol basis (5% above est.), led by EBITDA growth of 5.1%/5.3% in the India Mobile / Africa businesses despite subscribers/ARPU for the India business being impacted by the lockdowns. However, it had high capex toward network investments in India and paid dues towards a deferred spectrum liability for the spectrum acquired from the recent auction. As a result, it continues to post negative FCF and higher leverage. a) Subscriber recovery over JuneJuly'21, b) the management indicating...
Sales of Homes Service segment has gone up 12.90% to Rs 653.10 crore (accounting for 2.35% of total sales). Sales of Digital TV Services segment has gone up 8.67% to Rs 809.40 crore (accounting for 2.91% of total sales). Sales of Others segment has gone up...
Robust growth in customer base, increasing data usage coupled with expected tariff hikes improves the outlook for the business. Also, strong performance of Indian wireless business could drive the consolidated numbers despite near-term weakness in ARPU. We believe Airtel's longterm growth story remains intact and hence reiterate our BUY rating on...
We maintain BUY with SOTP based valuation at Rs 737 from earlier Rs 676 because of better margins, stronger subscriber growth and higher data consumption.
Bharti Airtel reported yet another decent operating performance with beat on KPIs such as subscriber addition and margins, albeit ARPU traction was weaker than anticipated. Consolidated topline came in at | 25,747 crore, up 2% QoQ on a like to like basis. Indian wireless revenues were up 4.2% QoQ on like to like basis) at | 14,080 crore. Consolidated EBITDA came in at | 12,332 crore, up 2.3% QoQ with margin of 47.9% (up 244 bps QoQ). Overall Indian margin was up 373 bps QoQ at 48.9% largely driven by Indian wireless margins, which at 47.5%, was up 380 bps QoQ on a reported basis...
Consolidated EBITDA grew 2% QoQ (in line) in 4QFY21 on the back of India mobile EBITDA growth of 4% (in line), even without a tariff hike, led by steady subscriber gains. The miss in estimate was on lower than estimated...
Operating profit remains flat; lower finance/tax charges boost PAT growth: Airtel Africa's revenue/EBITDA fell 2% each QoQ to USD1,038m/USD492m in 4QFY21, with a 20bp decline in margin to 47.4%. On a constant currency (CC) basis, revenue/EBITDA rose 2%/4% QoQ to USD1,058m/USD506m (in line). EBITDA margin improved 90bp QoQ to 47.8%. Performance remained flattish QoQ as ARPU increased by 1% to USD3, while net subscriber base declined by 0.6% to 118.1m. Reported PAT rose 69% QoQ to USD154m due to lower (down 19%/27% QoQ) finance/tax...
We recommend a BUY rating with SOTP based valuation at Rs 735 in light of superior margins, stronger subscriber growth, and higher data consumption gives an upside potential of 35% from CMP.
We recommend BUY with SOTP based valuation at Rs 737 from earlier Rs 676 because of better margins, stronger subscriber growth and higher data consumption.
We remain positive on the stock with robust customer addition, rising ARPU, solid position across the business verticals coupled with strong traction in post-paid business. We reiterate our BUY rating on the stock with a rolled forward target price of Rs. 700 based on SOTP. Robust customer addition derives topline growth Company registered revenue growth of 24.2% YoY (+5.8% QoQ) to Rs. 26,518cr, driven by higher traffic and upward traction in ARPUs with strong customer base. Revenue from India mobile services rose 32.4% YoY to Rs. 14,779cr, whereas African operations...
We maintain BUY with SOTP based valuation at Rs 737 from earlier Rs 676 because of better margins, stronger subscriber growth and higher data consumption.
