External broker reports(aggregated public sources), Axis Direct

Axis Direct

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External broker reports(aggregated public sources)

Bharti Airtel Positioning Continues to Strengthen

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><p><em>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.</em></p>

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