Analysts Believe Airtel 4G Subscriber Additions to be Ahead of Jio

Bharti Airtel, the second largest wireless operator in India is “well-poised” with or without the tariff hikes, Dolat Capital said on Tuesday. Dolat Capital in a report said that Airtel is “well poised to gain market share and grow even in absence” of the tariff hikes. The second largest wireless operator in India on Tuesday reported its second quarter financial results for the period ending September 30, 2020 with Airtel posting its “highest ever consolidated quarterly revenues.” Airtel said that its consolidated quarterly revenues were up 22% year-over-year while the operator also highlighted that it added 14.4 million 4G data users in its second quarter.

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Analysts Bullish on Bharti Airtel

Dolat Capital said that Airtel registered “strong all-round beat” in its second quarter of the current financial year “across both India Wireless and Africa.” The firm also said that the “strong business trajectory” of the operator and its “reasonable valuations should re-impose investor confidence and lead to reversal of some of its recent underperformance.”

“While tariff increase is a welcome potential trigger and inevitable for a three player market structure, Bharti is well-poised to gain market share and grow even in absence of the same,” Dolat Capital said in its report. “In our view, Investors would be better-off not-losing the sight on long-term potential upsides for short-term delay in tariff hikes.”

The second largest wireless operator in India reported that its mobile average revenue per user (ARPU) at Rs 162 for the quarter ended September 30, 2020. In the same period in the previous year, Airtel registered an mobile ARPU of Rs 128.