ALFA Finder| Revenue growth | Consolidated revenue up 18.4% YoY; India revenue up 9.7%. |
|---|---|
| Margins | Consolidated EBITDA margin expanded to 57.4% from 56.9% YoY. |
| Demand visibility | Strong visibility through 36% growth in mobile data traffic. |
| Management confidence | High, supported by significant margin expansion and debt reduction. |
Growth
Growth is high-quality, driven by 9.7% India revenue growth and 136 bps EBITDA margin expansion.
Outlook
Strong momentum in India with 301.8 Mn smartphone users and 36% mobile data traffic growth.
Risks
Reliance on ARPU growth (Rs 264) and high competitive intensity in the mobile data segment.
Last quarter's promises, checked
Delivered
- Guided progressive increase in payouts → delivered Rs.24/share vs Rs.16/share (= BEAT)
- Target 1 gigawatt data center capacity → delivered $1bn fund raise for Nxtra expansion (= BEAT)
- Target Net Debt/EBITDA improvement → delivered 1.17x vs 1.1x previous (= BEAT)
Partly delivered
- Target 8Mn home passes/year → delivered 3.7Mn new home customers (= PARTIAL)
Missed
- Target ARPU acceleration from Rs.257 → delivered Rs.264 (= MISS)
Earnings Call Transcript filed with NSE, NSE: BHARTIARTL. Summary written with AI assistance from the document.
Bharti Airtel Ltd: key numbers
- Share price
- ₹2,095.30
- Market cap
- ₹12,76,784 Cr
- Revenue (annual)
- ₹2,10,973 Cr
- Net profit (annual)
- ₹26,695 Cr
- P/E (TTM)
- 41.2×Sector 36.5×
- Promoter holding
- 50.07%+1.20% QoQ
- FII holding
- 25.44%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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