{"id":129619,"date":"2022-05-19T03:55:08","date_gmt":"2022-05-19T07:55:08","guid":{"rendered":"https:\/\/44.250.171.167\/?p=129619"},"modified":"2022-10-06T03:22:51","modified_gmt":"2022-10-06T07:22:51","slug":"bharti-airtel-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Bharti Airtel Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Bharti Airtel Limited Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/tFgA9qATvYQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Bharti Airtel Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/BHARTIARTL\/\">BHARTIARTL<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>BHARTIARTL said that its innovation through the digital local cable operator partnership model has added 175 new cities in Q4. BHARTIARTL expects this category to grow to over 40 million homes by 2025, and added that it\u2019s well poised to gain a very significant share of this growth.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>BHARTIARTL said its ARPU is now at INR178, which is a strong move towards its first goal post of INR200, and the eventual target of INR300 ARPU.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Manish Adukia from Goldman Sachs asked about the wireless capex being down for last couple of quarters and if the reduction is likely to sustain. Gopal Vittal MD said that on wireless capex, looking at aggregate company capex, it\u2019s broadly trending to about INR20,000-21,000 crores, last year. BHARTIARTL doesn\u2019t expect any significant change from that number.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Kunal Vora of BNP Paribas enquired about the interval between two tariff hike. Gopal Vittal MD replied that BHARTIARTL should start seeing some tariff increases during the course of this year, but cannot give the exact timing of it.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Kunal Vora of BNP Paribas also asked about the industry growth excluding the price hike. Gopal Vittal MD said that it needs to be seen how it plays out. Upgradation from feature phone is one factor. The second factor is the growth of postpaid, which is expected to grow. And thirdly, the growth of broadband in home segment.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Kunal Vora of BNP Paribas enquired about site addition of 7,000 in 4Q. Gopal Vittal MD said that while the company has a significant stake in Indus, it works with all the tower companies. BHARTIARTL also added that the market shares that it has added don&#8217;t seem to vary significantly over prior periods as far as site additions.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Kunal Vora of BNP Paribas asked about network opex. Gopal Vittal MD replied that the company is running a strong program on War on Waste, where it is working with the tower company to drive down energy costs, as well as rental cost at every tower. However added that in recent weeks a serious headwind has been rising energy prices.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Sanjesh Jain with ICICI Securities enquired about the reason for strong growth in enterprise business. Gopal Vittal MD clarified that its B2B business is a real jewel in BHARTIARTL\u2019s portfolio. And the team there has done a really awesome job.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Sanjesh Jain with ICICI Securities asked if the current debt reduction on a net debt basis, adjusted for the dividend payout, is a possible thing from FY23. Gopal Vittal MD answered that it\u2019s subject to no other unknowns coming in the picture. One of the things to expect to happen in the next few months is the 5G auctions.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Pranav Kshatriya of Edelweiss Financial Services asked about the churn in the business if it\u2019s trended upwards or downwards. Gopal Vittal MD replied that it&#8217;s not trended upwards or downwards. It&#8217;s rock steady and very low at sub 1%.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Vivekanand Subbaraman asked about the capex increasingly directed towards non-mobile businesses and what will be the priorities and the growth trajectory going forward. Gopal Vittal MD said that looking at the next 5 years, BHARTIARTL would simply say that the contribution of the non-mobility side to the overall portfolio has to get larger and larger.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1569\" height=\"2560\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-scaled.jpg\" alt=\"\" class=\"wp-image-129593\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-scaled.jpg 1569w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-184x300.jpg 184w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-628x1024.jpg 628w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-768x1253.jpg 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-941x1536.jpg 941w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/05\/Bharti-Airtel-LimitedQ422-1255x2048.jpg 1255w\" sizes=\"auto, (max-width: 1569px) 100vw, 1569px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q4 FY22 Earnings Concall Management Update: BHARTIARTL said that its innovation through the digital local cable operator partnership model has added 175 new cities in Q4. BHARTIARTL expects this category to grow to over 40 million homes by 2025, and added that it\u2019s well poised to gain a [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8981],"class_list":["post-129619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-telecom-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":146623,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q4-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129619,"position":0},"title":"Bharti Airtel Ltd Q4 FY23 Earnings Conference Call Insights","author":"Praveen","date":"May 18, 2023","format":false,"excerpt":"Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q4 FY23 Earnings Concall Management Update: [00:07:41] BHARTIARTL said that its DTH business experienced some customer loss due to seasonality but is expected to improve. Q&A Highlights: [00:22:02] Kunal Vora of BNP Paribas asked if the acceleration in postpaid customer additions being led\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146258,"url":"https:\/\/alphastreet.com\/india\/earnings-bharti-airtel-ltd-nse-bhartiartl-q4fy23-results-out-total-income-rises-15-yoy\/","url_meta":{"origin":129619,"position":1},"title":"Earnings | Bharti Airtel Ltd (NSE: BHARTIARTL): Q4FY23 Results Out; Total Income rises 15% YoY.","author":"Divyansh_Kasana","date":"May 16, 2023","format":false,"excerpt":"Bharti Airtel Ltd is a global telecommunications provider that operates in 18 countries, including India, Sri Lanka, and 14 countries in Africa. As one of the world's leading telecom companies, Bharti Airtel offers a comprehensive range of services, including mobile voice and data services, fixed-line broadband, and digital TV. With\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-7-2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166922,"url":"https:\/\/alphastreet.com\/india\/bhartiartl-q3-2024-2025-call-highlights-indus-towers-gains-tariff-hikes-and-enterprise-growth\/","url_meta":{"origin":129619,"position":2},"title":"BHARTIARTL Q3 2024-2025 Call Highlights: Indus Towers Gains, Tariff Hikes and Enterprise Growth!","author":"Praveen","date":"February 17, 2025","format":false,"excerpt":"Bharti Airtel Ltd., a leading telecom company with operations in 20 countries across Asia and Africa, in its Q3 earnings call highlighted plans to reduce India capex, particularly in transport and home broadband, with moderation expected in FY2026. The company will utilize free cash flow for deleveraging, dividends, and selective\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/CC_Image_8.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":140868,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129619,"position":3},"title":"Bharti Airtel Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 10, 2023","format":false,"excerpt":"Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q3 FY23 Earnings Concall Management Update: [00:02:45] BHARTIARTL said its net debt came down by INR3,000 crore due to strong operating free cash flows. The company also expects its net debt to decline further in the coming year. Q&A Highlights: [00:22:20] Manish Adukia\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":132702,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":129619,"position":4},"title":"Bharti Airtel Ltd Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"August 10, 2022","format":false,"excerpt":"Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q1 FY23 Earnings Concall Management Update: BHARTIARTL said that its post-paid segment is now about 45% larger than its nearest competitor. However, the company added that its DTH business saw a decline of 0.9% but consistently grew market share over last few quarters.\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146273,"url":"https:\/\/alphastreet.com\/india\/alphagraph-bharti-airtel-ltd-nse-bhartiartl-q4fy23-results-out-total-income-rises-15-yoy\/","url_meta":{"origin":129619,"position":5},"title":"Alphagraph | Bharti Airtel Ltd (NSE: BHARTIARTL): Q4FY23 Results Out; Total Income rises 15% YoY.","author":"Divyansh_Kasana","date":"May 16, 2023","format":false,"excerpt":"Bharti Airtel Ltd is a global telecommunications provider that operates in 18 countries, including India, Sri Lanka, and 14 countries in Africa. 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