‘Great Set of Numbers!’ Mayuresh Joshi on Bharti Airtel’s Strong Q2, Indus Towers Stake Hike & More #ETNOW
‘Great Set of Numbers!’ Mayuresh Joshi on Bharti Airtel’s Strong Q2, Indus Towers Stake Hike & More
Bharti Airtel delivered a strong Q2, with India mobile revenue up 13% YoY, driven by higher realizations and subscriber growth. Margins at 60% and a sharp fall in net debt-to-EBITDA to 1.63x highlight operational strength. Mayuresh Joshi, Senior Research Analyst, calls it a “great set of numbers”, adding that the Indus Towers stake hike strengthens Airtel’s digital infrastructure play. He also sees steady growth from the Africa business, supported by a wider customer base and digital expansion.
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