Bharti Airtel (CMP: Rs596.2, Mcap: Rs325,000 crore) has done well in Q4 FY20 even as the telecom sector is getting rerated with companies hiking tariffs. The company’s ARPU (Average Revenue Per User) increased year-on-year (YoY), which is an important metric to measure a telecom operator’s performance, led by recent price hikes. An increase in customers coupled with higher ARPU led to strong revenue growth. Operating profitability also improved significantly. Quarter snapshot (image) (image) Key highlights In Q4 FY20, Airtel posted consolidated revenue...
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