“Despite robust data traffic volumes of 7.6b GB (with 16.4 GB/user), data traffic / subscribers are less than 50 per cent of RJio levels. Moreover, the gap in network capacity is significantly smaller, thus highlighting a healthy network capacity and room for improvement. It has a healthy 537k base stations (closer to RJio), with the number of unique broadband towers also at a healthy 199k”, Motilal Oswal Securities said in results flash.
Bharti Airtel's consolidated net loss for the Q2FY21 has narrowed sharply to Rs 763 crore, a decline of 97 per cent YoY. The company had posted a consolidated net loss of Rs 23,045 crore in the same quarter last year, after provisioning for the adjusted gross revenues (AGR) dues.
The company posted the highest ever quarterly revenue, mainly on account of customer addition and higher data consumption. Revenues increased 22 per cent YoY to Rs 25,785 crore compared to Rs 21,131 crore a year ago. Data consumption grew by 58 per cent YoY, which reflects strong engagement of customers on our network. In India, revenues rose 22 per cent YoY to Rs 18,747 crore.
“Airtel continues to report resilient numbers, especially on Indian wireless business front. The major positive read through is strong subscriber addition and ARPU traction, which percolated into superior EBITDA. The management commentary on tariff hike would be a key monitorable ahead,” ICICI Securities said in a note.
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