Moderate growth but gaining share

Company
11 Mar 2024
5 Min read 
  • Bharti Airtel reports moderate growth in 3QFY24, with India Mobile EBITDA up 4% QoQ.
  •  Capex remains flat and likely peaked out.
  •  Well positioned to benefit from sector consolidation and tariff hikes.
  •  Financials show moderate growth in net sales and EBITDA.
  •  Valuation remains compelling with potential upside.
  •  Focus on reducing debt-to-EBITDA ratio and deleveraging.
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