Bharti Airtel Ltd. is set to announce its financial results for the April-June quarter on Tuesday. Brokerages expect ARPUs to improve marginally for the company.
The country's second largest telecom firm is likely to report a quarterly revenue of Rs 49,761.80 crore, according to consensus estimates of analysts tracked by Bloomberg. The margin is expected to come in at 56.2%.
The net profit is likely to to rise to Rs 5,660.47 crore.
Bharti Airtel Q1 Preview (Consolidated, QoQ)
Revenue seen 29% higher at Rs 49,761.80 crore versus Rs 38,506.40 crore.
Ebitda seen 42% higher at Rs 27,980.26 crore versus Rs 19,707.60 crore.
Margin at 56.2% versus 51.2%.
Net profit seen 57% higher at Rs 5,660.47 crore versus Rs 3,616.35 crore.
ICICI Capital| Rating: Hold| Target Price: Rs 1,990
Airtel's ARPU may rise 0.6% quarter-on-quarter.
Airtel's 4G/5G net adds should remain stable at 6 million.
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