Bharti Airtel – Insulated From Covid-19 Woes: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Bharti Airtel Ltd. has been an underperformer despite elevated expectations around business potential/growth.

In this note, we highlight our key arguments as to why we believe it offers a good risk-reward equation.

Despite the Covid-19 woes, Airtel has delivered estimated Ebitda growth of 28% and the trend should continue in FY22E with estimated consolidated Ebitda growth of 21%.

This should be on the back of steady market share gains; we think, irrespective of a tariff hike, earnings growth should continue to be strong.

Free cash flow generation and deleveraging have been a concern for the past four to six quarters.

Click on the attachment to read the full report:

Motilal Oswal Bharti Airtel Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button