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Last Updated : May 06, 2019 10:13 AM IST | Source: Moneycontrol.com

Q4 preview: Bharti Airtel falls ahead of result as analysts expect muted show

Kotak expects India wireless EBITDA of Rs 2,010 crore, broadly stable versus the Rs 1,950 crore print for 3QFY19 and expects sequential decline in EBITDA in all non-India-wireless businesses.

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Telecom major Bharti Airtel is due to report its Q4 earnings on April 6.

According to a report by Kotak Institutional Equities, Bharti Airtel is expected to post a modest 1 percent sequential uptick in revenues at Rs 10,300 crore.

Reported ARPU will likely see a sharp 14 percent QoQ uptick to Rs120/sub/month, on account of the clean-up done in December 2018.

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Kotak expects India wireless EBITDA of Rs 2,010 crore, broadly stable versus the Rs 1,950 crore print for 3QFY19. The firm expects a sequential decline in

EBITDA in all non-India-wireless businesses. Africa EBITDA decline in rupee terms would primarily be on account of rupee appreciation.

At a consolidated level, it expects the company to report a topline of Rs 20,200 crore for 4QFY19E, down 1.5 percent QoQ and up 3 percent YoY. Kotak expects consolidated EBITDA to decline 2.5 percent QoQ and 13 percent YoY to Rs 6,060 crore despite expected QoQ stability in India wireless EBITDA.

The research firm expects a sharp 80 percent YoY decline in EBIT to Rs 400 crore and a PAT loss of Rs 1,200 crore.

According to a CNBC-TV18 Poll, Bharti Airtel's revenue may rise 0.7 percent QoQ at Rs 20,666 crore against Rs 20,519.2 crore while EBITDA is expected at Rs 6,351 crore against Rs 6,306.9 crore QoQ. The company is expected to report a loss of Rs 1,141 crore against a profit of Rs 86.2 crore.

Also, revenue from the domestic front may rise 1.2 percent at Rs 10,311 crore against Rs 10,189.4 crore while EBITDA is expected at Rs 2,052 crore against

Rs 1,949.8 crore. From its Africa business, its revenue may fall to Rs 5711 crore against Rs 5,903 crore while EBITDA is expected at Rs 2,061 crore against Rs 2,186.8 crore.

Telecom tribunal TDSAT on May 2 granted a partial stay on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices.

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First Published on May 6, 2019 09:33 am
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