Agencies has buy call on Bharti Airtel with a target price of Rs 930. The current market price of . is Rs 814.15.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 491663.93 Crore) operating in Telecommunications sector.
Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 34728.70 Crore, up 5.25 % from last quarter Total Income of Rs 32996.80 Crore and up 22.13 % from last year same quarter Total Income of Rs 28435.20 Crore. Company reported net profit after tax of Rs 2622.20 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY as it believes tariff hikes are likely to be more frequent, going forward, with Jio more willing to participate in tariff hikes given that it also needs to start focussing on profitability (and not just on subs additions) as it prepares for its potential IPO in the next 1-2 years and given the high capex for 5G rollout. In this scenario, it believes the sector could see significant re-rating, and Bharti could gain significantly given its sticky and premium quality of its subscribers, ensuring that tariff hikes flow through to ARPUs
Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.14 per cent, DIIs 14.63 per cent.
Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 491663.93 Crore) operating in Telecommunications sector.
Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 34728.70 Crore, up 5.25 % from last quarter Total Income of Rs 32996.80 Crore and up 22.13 % from last year same quarter Total Income of Rs 28435.20 Crore. Company reported net profit after tax of Rs 2622.20 Crore in latest quarter.
Investment Rationale
The brokerage maintains BUY as it believes tariff hikes are likely to be more frequent, going forward, with Jio more willing to participate in tariff hikes given that it also needs to start focussing on profitability (and not just on subs additions) as it prepares for its potential IPO in the next 1-2 years and given the high capex for 5G rollout. In this scenario, it believes the sector could see significant re-rating, and Bharti could gain significantly given its sticky and premium quality of its subscribers, ensuring that tariff hikes flow through to ARPUs
Promoter/FII Holdings
Promoters held 55.93 per cent stake in the company as of 30-Jun-2022, while FIIs owned 24.14 per cent, DIIs 14.63 per cent.
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