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Airtel continues to benefit from the pandemic

After a long struggle, Airtel has moved to raise tariffs in order to boost ARPU and operating metrics

August 04, 2021 / 09:51 AM IST
Airtel continues to benefit from the pandemic

(Source: Reuters)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Like last year, Bharti Airtel (CMP: Rs 578.35, Mcap: Rs3,19,000 crore) continues to do well in this fiscal too amid the pandemic. The severe second wave of Covid-19 notwithstanding, the telecom company’s performance vectors, during the first quarter (Q1FY22), have moved north, aided by factors such as work from home, streaming of more entertainment content online, home schooling etc. Not only did the performance improve on a year-on-year (YoY) basis but it was also better  sequentially. Quarterly result highlights (image)...

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