Latest Breaking News On - ஏர்டெல் லிமிடெட் - Page 1 : comparemela.com
Bharti Airtel Ltd fixes Sep 28, 2021 as record date for rights issue
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Indian shares end higher; markets await RBI policy decision
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Sensex, Nifty end higher for 4th straight session
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Vodafone Idea : Indian shares end higher; markets await RBI policy decision
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Bharti Airtel’s (Bharti) Q1FY22 EBITDA print reflected 3% beat at Rs130bn on higher EBITDA in India mobile and impressive performance in Africa. Bharti mobile comparable revenue and EBITDA have grown at 22% and 35% YoY without tariff hike, which is huge, and indicates continued market share gains. Next two quarters will also have strong earnings print from the recent tariff hikes and normalisation of recharge cycle in mobile. Home and enterprise business performance continues to remain strong. Africa, under-appreciated, growth continues to surprise positively. The brokerage likes Bharti’s superior execution and rising probability of further market consolidation which should help create huge value.