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This Article is From Oct 24, 2020

Motilal Oswal: Bharti Infratel Q2 Review - Healthy Earnings Growth On Better Tenancies, Rates; Outlook Remains Uncertain

Motilal Oswal: Bharti Infratel Q2 Review - Healthy Earnings Growth On Better Tenancies, Rates; Outlook Remains Uncertain
A telecom tower stands alongside a tree (Photographer Waldo Swiegers/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Bharti Infratel Ltd. reported healthy revenue growth of 5% and Ebitda growth of 3% QoQ due to improvement in tenancies, rates and falling exits.

Yet, there was a marginal miss on energy Ebitda, solely due to:

  1. operators moving to passthrough model from fixed energy model, and
  2. some payment disputes with operators.

We largely maintain our Ebitda estimates factoring in higher tenancies/rates, partly offset by lower energy Ebitda for FY21/FY22E.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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