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    Airtel Q4 FY23: Higher proportion of 4G/5G customers is the key growth driver

    A larger share of high-value customers, coupled with tariff hikes, helped the company post robust growth in revenues and operating margins

    Nitin Agrawal
    May 17, 2023 / 09:24 AM IST
    Airtel Q4 FY23: Higher proportion of 4G/5G customers is the key growth driver

    Bharti Airtel has delivered yet another strong quarter on a year-on-year (YoY) basis,

    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

    Highlights Strong financial performance on a YoY basis, flat numbers sequentially Operating margin continues to surprise positively; operating leverage helping margins India and Africa operations perform well Higher proportion of high-value customers and rising data use favour higher ARPU SOTP valuation signals upside potential   Bharti Airtel (CMP: Rs 785.6; M Cap: Rs 4,55 lakh crore) has delivered yet another strong quarter on a year-on-year (YoY) basis, driven by an increase in the ARPU (average revenue per user) and an increase in the number of subscribers....

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