Q4FY21 Result Update - Bharti Airtel - ICICI Direct

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 Rs. 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 Rs. 14,080 crore. Consolidated EBITDA came in at Rs. 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 largely due to IUC impact (like to like basis margin dip 30 bps QoQ.)

For details, click on the link below: Link to the report

Shares of BHARTI AIRTEL LTD. was last trading in BSE at Rs.536.3 as compared to the previous close of Rs. 549.55. The total number of shares traded during the day was 1194210 in over 19461 trades.

The stock hit an intraday high of Rs. 552.85 and intraday low of 534.65. The net turnover during the day was Rs. 646224553.

Source : Equity Bulls

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