Bharti Airtel share price: Sharekhan maintains BUY, price target of Rs 750
Sharekhan says that Margins were yet again impressive in Q4FY2021, subscriber additions in India wireless business stayed strong, while home broadband business subscriber additions rose to a record high. Revenue was below our expectation owing to a slightly weaker ARPU. The reported revenue and ARPU will not be comparable given the termination of interconnection usage charges (IUC) on mobile calls from January 2021
Bharti Airtel’s ARPU (adjusted for IUC) in the India wireless business declined by 0.8% qoq (up 7.3% yoy) to Rs 145 which is below Sharekhan’s estimates: Reuters