Bharti Airtel Q1 preview: Marginal growth in ARPU, revenue seen

Bharti Airtel will announce its June quarter results on Thursday and analysts expect a marginal gain in revenue and average revenue per user (ARPU) on a sequential basis. The ARPU increase is an outcome of subscriber losses and marginal benefit accruing from the mix change, analysts said.

According to Kotak Institutional Equities, Bharti Airtel may report a flattish sequential growth of 2 per cent in revenues to Rs 21,007.2 crore. In comparison, Airtel had posted revenue of Rs 20,602.2 crore in the last quarter and Rs 19,799.2 crore in the year-ago quarter.

The brokerage firm pegged Airtel’s consolidated Q1 loss at Rs 1,154.3 crore against its Rs 107.3 crore profit in Q4FY19 when it had received a one-off benefit boost of Rs 2,022.1 crore. “ARPU is expected to jump 2 per cent QoQ to Rs 127 per month,” the brokerage firm said.