Bharti Airtel shares fall nearly 2% Telecom operator Bharti Airtel posted a more than two-fold jump in its consolidated net profit to 695 apiece in Wednesday’s trading session on the BSE. 2,008 crore, buoyed by an increase in Average Revenue Per User (ARPU) and an exceptional profit.
“We believe that consistent share gains from improved network quality, implied tariff hikes and 4G upgrades should lead to improved ARPU and re-rating of impressive digital metrics. Repeat OW,” JP Morgan said in a note.
The brokerage house has an overweight rating Shares of Bharti Airtel With a price target of (March 2023) 900 strong growth on ARPU and subscription additions that were better than expected.
Telecom firm’s revenue from operations up over 22% 31,500 crore during Q4 FY22, as compared to a year ago period. Airtel’s average revenue per user or ARPU, a key metric for all telcos, came in 178 for the quarter, from the top 145 in Q4’21. Sequentially too, the APRU was significantly higher 163 Logged in the December quarter.
“India Mobile’s EBITDA grows 12% QoQ (in line) on healthy ARPU-led revenue growth, with incremental EBITDA margins healthy at 64%. Airtel is the only player that has seen subscriber growth during the quarter despite tariff hike, triggering SIM consolidation in the sector,” said domestic brokerage Motilal Oswal buy rating on the telecom stock.
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