Bharti Airtel Ltd. share price target

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...

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...

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.

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.