Bharti Airtel will release its results for the July-September quarter on October 28 and analysts surveyed by CNBC-TV18 suggest that the telecom giant is likely to have a strong quarter thanks to recent tariff hikes.

Each user is likely to have spent ₹21 more than in the previous quarter, meaning the average revenue per user (ARPU) is likely to be ₹232 compared to ₹211 in the previous quarter, according to CNBC . -TV18 survey of analysts.

However, subscriber growth could be flat or even slightly lower due to subscriber churn, they said.

Bharti Airtel increased its telecom tariffs by 10% to 21% from July, marking the first price increase since December 2021. The telco had then said it maintained that mobile ARPU should be above ₹300 , to enable a healthy financial situation. business model for telecom operators in India.

Meanwhile, Bharti Airtel is expected to record consolidated revenue of 6 per cent up sequentially at ₹40,835 crore from ₹38,506 crore in the quarter ended June 2024, analysts predicted. They said the telco’s wireless business in India, which accounts for 60% of the business, would benefit from tariff hikes taken in early July, and that the revenue rise would be driven by the 10% increase. % of wireless revenue in India.

According to the survey, the company is expected to report EBITDA or earnings before interest, tax, depreciation and amortization of ₹21,594 crore for the September quarter, compared to ₹19,944.2 crore in the previous three-month period.

EBITDA margin is expected to increase slightly to 53%, compared to 51.8% in the previous quarter. Analysts also explained that margins are also expected to increase on the back of margin expansion in India.

On the other hand, Bharti Airtel’s rival Jio recorded 7% growth in revenue during the quarter under review, while its EBITDA stood at 53.1% and ARPU rose 7.4% to ₹195.1. Its subscriber base saw a decline of 10.9 million on a sequential basis.

Among the regions, Airtel Africa has already reported its results and its revenue increased by 5% quarter-on-quarter in US dollar terms, while EBITDA increased by 8%.

Shares of Bharti Airtel were trading flat at ₹1,666.75 on the BSE at 11:39 am.

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