Bharti Airtel Q1 Results 2024: Headquartered in India, Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa.
Airtel Q1 Date, Time: Bharti Airtel, one of India’s leading telecommunications companies, is set to announce its first-quarter financial results for FY25 on August 5, 2024. The much-anticipated results will provide a comprehensive overview of the company’s performance during the first three months of the fiscal year. The exact timing of the announcement is not known yet.
The full market cap of Bharti Airtel stands at 8,50,389.88 crore. On BSE, a share of Airtel is trading at Rs 1493.75, with the previous close being Rs 1505.40.
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Headquartered in India, Airtel is a global communications solutions provider with over 500 million customers in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel’s retail portfolio includes high speed 4G/5G mobile broadband, Airtel Xstream Fiber.
Investors, analysts, and market watchers are keenly awaiting the results to gain insights into Bharti Airtel’s financial health and operational performance. Key areas of focus will include subscriber growth, revenue trends, average revenue per user (ARPU), and updates on the company’s expansion strategies. Given the competitive landscape of the Indian telecom sector, the results will be scrutinised for indications of how Bharti Airtel is navigating challenges and leveraging opportunities in the market.
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Bharti Airtel Q1 Results Expectations
Analysts at BNP Paribas expect Airtel to continue to report the highest revenue growth rate in the telecom industry. “We expect stable industry trends for the Indian telecom industry in 1QFY25, with industry revenue growth at c9% y-y and c2% q-q. Within the sector, we expect Airtel to continue to report the highest revenue growth rate,” the brokerage firm said.
“We had largely factored in the tariffs hiked by operators in Jun-24 in our earlier estimates. We further raise our FY26-27E EBITDA by 4-5% for Airtel’s India Mobile business. We expect Airtel to report 19% EBITDA CAGR for its India Mobile business and 15% EBITDA CAGR on a consolidated basis over FY24-27,” the firm added.
Meanwhile, Nomura Holdings estimated Bharti Airtel’s consolidated revenue to grow by 2 per cent sequentially. “We expect Bharti Airtel’s consolidated revenue of Rs 38.40 thousand crore to grow 2 per cent QoQ, and EBITDA of Rs 20.09 thousand crore to grow 4 per cent QoQ, underpinned by a sustained healthy performance for the India businesses and a modest recovery in the Africa business as currency devaluation pressure eased in 1QFY25.
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Bharti Airtel Q1 Results: Where to Watch?
Bharti Airtel will announce its first-quarter financial results for FY25 on August 5, 2024. Investors and market analysts can access the results through several channels:
-Airtel’s Official Website: The financial results will be posted on Bharti Airtel’s official investor relations page. Visit the website here: https://www.airtel.in/about-bharti/equity
-Stock Exchanges: As a publicly traded company, Bharti Airtel’s results will also be disclosed through the Bombay Stock Exchange (BSE). Investors can find the announcement under Bharti Airtel’s profile on the BSE website here: https://www.bseindia.com/stock-share-price/bharti-airtel-ltd/bhartiartl/532454/. The results will also be posted on the NSE’s website.
-Press Release: A detailed press release outlining the earnings and key financial metrics will be available on the company’s website and distributed through major financial news outlets, including financialexpress.com.
-Financial News Platforms: Major financial news websites, including financialexpress.com, and platforms will also cover the results and provide summaries and analyses.
