Analysts bullish on Bharti Airtel as growth in mobile biz supports outlook

Bharti Airtel's paying subscriber base declined by 0.6 million QoQ versus competitors where Reliance Jio lost 8.5 million subscribers and Vodafone Idea lost 5.8 million subscribers in Q3

Bharti Airtel's December quarter (Q3FY22) results positively surprised the Street as the telecom major reporter higher-than-expected consolidated revenue at Rs 29,867 crore (up 12.6 per cent YoY) and consolidated Ebitda at Rs 14,700 crore (up around 22 per cent YoY).

It's net profit at Rs 830 crore, however, fell short of expectations mainly because of higher tax outgo. According to Bloomberg, analysts had pegged revenues at Rs 29,370 crore, Ebitda (earnings before interest, taxes, depreciation, and amortisation) at Rs 14,574 crore, and net profit at Rs 928 crore.

"Bharti Airtel reported consolidated revenue 2 per cent ahead of both our/Bloomberg