‘Airtel Q3 performance on higher than expectation’

New Delhi: Analysts have appreciated Bharti Airtel’s performance in Q3 despite the telecom major making a loss of Rs 1,035 crore.

Airtel share price at 1.30 p.m. at Rs 526.80 +7.90 (1.52 per cent) Morgan Stanley said Airtel’s Q3 was better than expectations. Stating that the results were strong, the analyst firm said consolidated revenue increased 4 per cent quarter on quarter (ahead of our estimate by 2 per cent), led by positive surprise in the India wireless, homes and enterprise business partly offset by miss on the DTH side. EBITDA was 3 per cent ahead of our estimate as margins expanded by 31 basis points (bps).