Airtel's premiumization strategy drives strong Q2 revenue and Ebitda growth
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Bharti Airtel reported strong September-quarter growth as revenue rose 16.7% to ₹60,878 crore.
- ✓Higher customer spending and postpaid additions helped the firm beat estimates, though net profit missed expectations.
- ✓Gopal Vittal said, "We continue to maintain a strong and resilient balance sheet, anchored by robust cash generation and disciplined capital allocation."
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
NEW DELHI: Bharti Airtel Ltd's September-quarter performance was powered by higher customer spending, postpaid additions and a stronger Africa business, helping the telecom operator beat revenue and Ebitda estimates. Net profit, however, fell short of market expectations.
Consolidated revenue from operations rose 16.7% year-on-year (y-o-y) and 4% quarter-on-quarter (q-o-q) to ₹60,878 crore, ahead of Bloomberg's estimate of ₹60,140 crore. Net profit increased 31% y-o-y and 8.8% sequentially to ₹8,887.5 crore, but missed the consensus estimate of ₹9,293 crore.
The Gurugram-based company's Ebitda (earnings before interest, tax, depreciation and amortization) grew 18% y-o-y and 5% q-o-q to ₹35,240 crore, beating estimates of ₹34,406 crore. The company attributed the growth to higher revenue.
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