Bharati Despite a single-digit increase in sales, Airtel is expected to post a double-digit decline in consolidated profit for the March quarter. EBITDA margin is expected to grow both annually (YoY) and sequentially. In Q4, analysts are estimating a net subscriber gain of around 30 lakh and a marginal increase in sequential average revenue per user (ARPU) to Rs 211. Analysts predicted that while residential, business, and enterprise services in Africa will continue to develop steadily, DTH revenue will decline.
The adoption of 5G, the capex trajectory, the trends in the conversion of pre-paid to post-paid services, the traction of home broadband, and the status of the partially-paid rights problem will be the focus of attention.
Emkay Global projects that Bharti Airtel's ARPU would increase 1.4% sequentially to Rs 211 due to an improved mix that is somewhat offset by fewer days in the quarter.
"Overall, QoQ subscriber growth is anticipated to be 30 lakh, down from 32 lakh in Q3, resulting in a 1.5% QoQ increase in its India mobile income. With the help of ongoing subscriber addition, we anticipate strong revenue growth for Homes—up 3.9% QoQ and 20.5% YoY. It stated that the Enterprise category is probably going to see subdued growth.
Due to Nigeria's currency depreciation, the brokerage projects a 0.9% quarterly decrease in income from Africa. Ne-net reports a 12.7% YoY decline in profit to Rs 2,623 crore on a 6.1% YoY increase in revenue to Rs 38,219 crore. The EBITDA margin is observed to be 52.4%.
According to Prabhudas Lilladher, Bharti Airtel's earnings decreased by 26.8% year over year to Rs 2,201 crore, despite a 7.6% increase in revenues to Rs 38,736 crore. 52.5 percent is the margin for this brokerage. Revenue growth for the Airtel Africa business is anticipated to be 3% QoQ, and we have budgeted for a 4% QoQ growth rate for the enterprise segment. Revenue from home services will increase by 10% per quarter. We have projected in a 2.2% QoQ growth for DTH."
According to Nomura India, operational performance for Africa-based businesses on a constant currency basis was strong in 4QFY24. However, it was stated that this contributed to a 15% QoQ fall in sales to Rs 8,800 crore, which was a result of the Naira's depreciation versus the US dollar. It projects QoQ EBITDA to drop by 15% to Rs 4,300 crore, while margins would moderate by 10% to 49%.
Nomura projects that Airtel's consolidated profit would decrease by 33% year over year to about Rs 2,000 crore, despite a 2.2% YoY increase in revenues to Rs 36,900 crore.
