06-Nov-2026 08:18:55
BHARTIARTLExpansion
CLSA on Bharti Airtel ; O-P, TP Raised to Rs 2765
2QFY27 consolidated revenue/Ebitda of Rs609bn/Rs349bn were up 4%-5% QoQ/17%-18% YoY, ahead of estimates with positive surprise led by its India and Africa operations. India mobile revenue/Ebitda were up 3%-4% QoQ/10%-11% YoY. Bharti had its highest ever postpaid net additions and Arpu reached Rs271, up 3% QoQ and it is now 24% higher than sector leader. Also, Bharti 2QFY27 consolidated FCF was high Rs190bn/US$2bn after leases and Capex while gearing was low at 1.2x.
BHARTI AIRTEL LIMITED