Bharti Airtel Q4 Preview: Telecom major set to report above 20% revenue growth; ARPU seen at Rs 178

The company is set to announce its numbers on Tuesday.

Analysts see adjusted net profits rising in the range of 150-600 per cent year-on-year (YoY). According to their estimates, revenue will likely grow 22-24 per cent compared to the last year. Even the sequential growth in them is likely to be in high single-digit, thanks to the impact of tariff hike being realised.

“We expect 8 per cent QoQ growth in India wireless business revenues and 9 per cent growth in EBITDA underpinned by 2 million QoQ increase in EoP subscriber base to 325 million and 7.5 per cent increase in ARPUs to Rs 178 per month reflecting gains from tariff hikes taken in November 2022,” said analysts at Kotak Institutional Equities.

The company, along with others in the industry, had taken a tariff hike in November last year. This will likely lead to improvement in ARPUs. This is amid expectations that the company will likely take another tariff hike sometime this year.

Kotak said among the other business segments, it models sequential revenue growth of 6 per cent for Africa business, 4 per cent for enterprise business and 9 per cent for homes segment.

Ambit Capital also said the full impact of price hikes will be seen. The broker, however, said 4G additions are likely to be sluggish due to sim consolidation. “EBITDA margin expansion driven by tariff hike led operating leverage,” said the broker in a note.

It models 422 per cent growth in YoY PAT and 22 per cent growth in revenue.

The company had at the end of the December quarter reported a 2.8 per cent YoY drop in net profits after exceptional items. Total revenues for the quarter had risen 12.6 per cent.

YES Securities said earnings of

are expected higher YoY and QoQ on stronger ARPU even as subscriber consolidation continues. The broker estimates 153 per cent PAT growth and 24 per cent in revenue.