Bharti Airtel Q3 preview: Update on AGR issue, details of fund raising eyed

Bharti Airtel is likely to report single-digit revenue growth when it reports results for the quarter ended December 2019 (Q3FY20) on Tuesday, largely on the back of tariff hikes and growth in average revenue per user (ARPU). However, they are also penciling in loss of more than Rs 700 crore for the telecom operator. AGR issue outcome, the company’s capital-raising plans and timeline, as well as the network expansion plans, will be the key things to watch out for in the management commentary.

Airtel’s overall subscriber base is expected to witness a modest addition of around 30 lakh during the quarter, analysts say. More significantly, data subscriber addition is seen at a healthy 1.3 crore, largely aided by conversion from own base. As such, ARPU is likely to witness around 4-7 per cent sequential growth to Rs 133-Rs 139.