External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>In Q1FY25, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 38,506 Cr, up 2.4% QoQ and up 2.9% YoY (though slightly below our expectations).</li><li>This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period.</li><li>The company posted a healthy operating profit of Rs 19,708 Cr, leveraging higher 4G conversions and a better service mix. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q1FY25, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 38,506 Cr, up 2.4% QoQ and up 2.9% YoY (though slightly below our expectations).This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period.The company posted a healthy operating profit of Rs 19,708 Cr, leveraging higher 4G conversions and a better service mix. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel Ltd. - Strong Business Matrix; ARPU Gains Continue

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bharti Airtel has announced a tariff hike of 10-20% across its various plans, effective from 3rd July, 2024.</li><li>This move follows a similar increase by its major competitor, Reliance Jio, and is aimed at bolstering revenue and sustaining the company's investments in network expansion and quality improvement.</li><li>Factoring in this hike, we estimate ARPU change of 13%/14% to Rs 236/269 for FY25/26E.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel has announced a tariff hike of 10-20% across its various plans, effective from 3rd July, 2024.This move follows a similar increase by its major competitor, Reliance Jio, and is aimed at bolstering revenue and sustaining the company's investments in network expansion and quality improvement.Factoring in this hike, we estimate ARPU change of 13%/14% to Rs 236/269 for FY25/26E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>The company's digital portfolio is gaining momentum along with market share gains</li><li>The company maintained a strong share of 4G/5G net ads in the market, with the 4G customer base expanding by 7.8 Mn QoQ and 28.6 Mn YoY.</li><li>This now constitutes 72% of the overall customer base. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The company's digital portfolio is gaining momentum along with market share gainsThe company maintained a strong share of 4G/5G net ads in the market, with the 4G customer base expanding by 7.8 Mn QoQ and 28.6 Mn YoY.This now constitutes 72% of the overall customer base. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel Ltd - Strong Business Matrix; ARPU Gains Continue

<ul><li>In Q3FY24, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 37,900 Cr, up 2.3% QoQ and up 5.85% YoY, which stood below our expectations.</li><li>This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period.</li><li>The company posted an operating profit of Rs 19,815 Cr leveraging higher 4G conversions and a better service mix. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q3FY24, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 37,900 Cr, up 2.3% QoQ and up 5.85% YoY, which stood below our expectations.This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period.The company posted an operating profit of Rs 19,815 Cr leveraging higher 4G conversions and a better service mix. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel - Strong India Business; ARPU Gains Continues

<ul><li>In Q2FY24, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 37,044 Cr, down 1.1% QoQ but up 7.3% YoY, which stood below our expectations. </li><li>This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period. </li><li>The company posted an operating profit of Rs 19,514 Cr with operating margins growing by 40bps, largely led by larger 4G conversions and a better service mix.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q2FY24, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 37,044 Cr, down 1.1% QoQ but up 7.3% YoY, which stood below our expectations. This was mainly on account of the devaluation of Nigeria's Naira and other currencies during the period. The company posted an operating profit of Rs 19,514 Cr with operating margins growing by 40bps, largely led by larger 4G conversions and a better service mix.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bharti Airtel Ltd - Broad-Based Growth; Gain in Market Share Continues

India

Bharti Airtel Limited, a part of Bharti Enterprises, provides telecommunications services throughout India. The Company provides GSM Mobile Services, broadband, fixed line telephone services, long distance services (international & national) and enterprise services.

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Bharti Airtel (BHARTI IN)

Bharti Airtel Ltd. - Strong Business Matrix; ARPU Gains Continue

In Q1FY25, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 38,506 Cr, up 2.4% QoQ and up 2.9% YoY (though slightly below our expectations).

Axis Direct

Bharti Airtel - Tariffs Hiked by 10-20%

This move follows a similar increase by its major competitor, Reliance Jio, and is aimed at bolstering revenue and sustaining the company's...

Prabhudas Lilladhar

Bharti Airtel Ltd - Strong Business Matrix; ARPU Gains Continue

The company maintained a strong share of 4G/5G net ads in the market, with the 4G customer base expanding by 7.8 Mn QoQ and 28.6 Mn YoY.

Axis Direct

Bharti Airtel - Strong India Business; ARPU Gains Continues

In Q3FY24, Bharti Airtel Ltd. (Bharti) reported revenue of Rs 37,900 Cr, up 2.3% QoQ and up 5.85% YoY, which stood below our expectations.

Axis Direct

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