Bharti Airtel Ltd. share price target

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...

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.

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...

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.

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...