Latest news with #BhartiAirtelLtd
Mint
15-05-2025
- Business
- Mint
Bharti Airtel eyes growth through price hikes for high-end users
Bharti Airtel Ltd's average revenue per user (Arpu) for the March quarter (Q4FY25) was flat sequentially at ₹245, but management clarified it would have been ₹248 had it not been for two fewer days in the quarter. It sees future Arpu growth coming more from tariff hikes for higher-end subscribers, who use more data, while the entry-level tariff is likely to remain flat or increase only slightly. Explaining this in detail, management said if entry-level plans in India are indexed at 100, then the top end is at 250. This rises to 500 when compared to Indonesia, a market that's similar to India in terms of geographical size (India is 3 million sq km; Indonesia is 2 million sq km; China is much larger at 10 million sq km) and population density. In short, this is the level of tariff repair the industry needs, provided all players (especially Reliance Jio) come on board. Also read: For Shree Cement, earnings a bigger priority than volumes For now, Bharti's Q4FY25 mobile service revenue in India grew 1.3% sequentially to ₹26,617 crore, in line with subscriber-base growth of 1.4% to 361.6 million. Ebitda increased 2% quarter-on-quarter with a 35 basis points margin expansion to 59.2%. Africa business outperforms India Bharti's Africa telecom business, which is about 40% of the size of the Indian mobility business, has outpaced growth in the latter in both rupee terms and USD constant-currency terms (calculated using the currency rate at the end of March 2024). The revenue growth rate for the Africa business in rupee terms was 6.3% quarter-on-quarter to ₹11,376 crore, while constant-currency growth was 3.4%. Ebitda grew 7% quarter-on-quarter to ₹5,381 crore, with constant-currency growth at 4.5%. As the Africa telecom business reported faster growth compared to India, Bharti could consider increasing its stake in the business further from the current 56%. African currencies, though stable over the past few months, are typically volatile, and any further depreciation could pose a business risk. Capex to slow down Bharti's total capital expenditure of ₹14,400 crore in Q4FY25 was up by a staggering 56% sequentially, mainly due to investments in the enterprise business – data centers and cloud services. Management indicated that the capex should not be seen on a quarterly basis as some quarters are lumpier than others. Its capex intensity in India is likely to be lower in FY26 as the rural rollout is largely complete. Also read: Tata Motors' windscreen is hazy amid the fog of tariffs Management intends to use free cash flow to reduce debt and increase the dividend. However, the company has not yet formulated a dividend payout policy. Also, exactly when it plans to increase its stake in the Africa business and Indus Towers remains uncertain. Bharti has not yet decided to convert adjusted gross revenue (AGR) dues into equity to be allotted to the government. It has only asked the government if that option is available in view of Vodafone Idea Ltd opting for it. Satellite internet threat What about competition from satellite internet? Bharti clarified that its arrangement with Starlink would not harm its telecom business as Starlink is likely to be used in places where terrestrial connectivity in the form of mobile towers is unavailable. Nuvama Institutional Equities has a target price of ₹2,130 for Bharti based on a sum-of-the-parts valuation. Though there has been talk of scaling up the non-mobility businesses, almost 90% of the valuation is ascribed to the mobile service business in India, valued at 13.5 times estimated Ebitda for FY27. The stock could remain range-bound until further tariff hikes for mobile services are announced. On Thursday shares of Bharti Airtel rose 1.58% to ₹1,863.10. The stock is up about 17% so far this year, and a massive 242% over the past five years. Also read: SRF's growth momentum is strong, but global uncertainties pose risk
Business Standard
14-05-2025
- Business
- Business Standard
Bharti Hexacom Ltd Spikes 2.88%, BSE Telecommunication index Rises 1.06%
Bharti Hexacom Ltd has added 16.39% over last one month compared to 5.46% gain in BSE Telecommunication index and 8.3% rise in the SENSEX Bharti Hexacom Ltd rose 2.88% today to trade at Rs 1753.5. The BSE Telecommunication index is up 1.06% to quote at 2883.61. The index is up 5.46 % over last one month. Among the other constituents of the index, Suyog Telematics Ltd increased 2.73% and Bharti Airtel Ltd added 1.95% on the day. The BSE Telecommunication index went up 8.75 % over last one year compared to the 11.34% surge in benchmark SENSEX. Bharti Hexacom Ltd has added 16.39% over last one month compared to 5.46% gain in BSE Telecommunication index and 8.3% rise in the SENSEX. On the BSE, 5668 shares were traded in the counter so far compared with average daily volumes of 19005 shares in the past one month. The stock hit a record high of Rs 1794.4 on 14 May 2025. The stock hit a 52-week low of Rs 879.25 on 13 May 2024.
Business Standard
30-04-2025
- Business
- Business Standard
Bharti Airtel Ltd Spikes 0.65%
Bharti Airtel Ltd has added 6.05% over last one month compared to 8.21% gain in BSE Telecommunication index and 3.82% rise in the SENSEXBharti Airtel Ltd rose 0.65% today to trade at Rs 1835.75. The BSE Telecommunication index is up 0.47% to quote at 2858.09. The index is up 8.21 % over last one month. Among the other constituents of the index, Tejas Networks Ltd increased 0.24% on the day. The BSE Telecommunication index went up 5.67 % over last one year compared to the 7.91% surge in benchmark SENSEX. Bharti Airtel Ltd has added 6.05% over last one month compared to 8.21% gain in BSE Telecommunication index and 3.82% rise in the SENSEX. On the BSE, 18249 shares were traded in the counter so far compared with average daily volumes of 2.12 lakh shares in the past one month. The stock hit a record high of Rs 1904.2 on 21 Apr 2025. The stock hit a 52-week low of Rs 1224.5 on 04 Jun by Capital Market - Live News
Business Standard
24-04-2025
- Business
- Business Standard
LTIMindtree Ltd Slips 1.93%
LTIMindtree Ltd has lost 3.4% over last one month compared to 2.63% fall in BSE Teck index and 2.48% rise in the SENSEX LTIMindtree Ltd fell 1.93% today to trade at Rs 4451. The BSE Teck index is down 0.36% to quote at 17232.93. The index is down 2.63 % over last one month. Among the other constituents of the index, Bharti Airtel Ltd decreased 0.99% and ITI Ltd lost 0.91% on the day. The BSE Teck index went up 8.16 % over last one year compared to the 8.26% surge in benchmark SENSEX. LTIMindtree Ltd has lost 3.4% over last one month compared to 2.63% fall in BSE Teck index and 2.48% rise in the SENSEX. On the BSE, 3484 shares were traded in the counter so far compared with average daily volumes of 19398 shares in the past one month. The stock hit a record high of Rs 6764.8 on 16 Dec 2024. The stock hit a 52-week low of Rs 3841.05 on 07 Apr 2025.
