{"id":158465,"date":"2024-02-06T10:25:53","date_gmt":"2024-02-06T15:25:53","guid":{"rendered":"https:\/\/44.250.171.167\/?p=158465"},"modified":"2024-02-06T10:25:55","modified_gmt":"2024-02-06T15:25:55","slug":"bharti-airtel-ltd-q3-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q3-fy24-earnings-conference-call-insights\/","title":{"rendered":"Bharti Airtel Ltd Q3 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q3 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Revenue impacted by currency devaluations in Africa.<\/li>\n<li>India revenue grew steadily at 3% sequentially to over INR 27,800 crores.<\/li>\n<li>EBITDA margin remained healthy at 53.9%.<\/li>\n<li>Generated operating cash flows of INR 7,250 crores in India.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Segment Performance<\/strong>\n<ul>\n<li>Strong mobile subscriber additions of 7.4 million 4G customers.<\/li>\n<li>ARPU increased by INR 5 to INR 208 on upgrades and share of wallet.<\/li>\n<li>Moderation in home broadband net adds due to discontinued entry level plans.<\/li>\n<li>DTH saw highest net adds in 12 quarters at 388,000.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Strategy Update<\/strong>\n<ul>\n<li>Portfolio diversification with 27% Africa, 57% India mobility revenue.<\/li>\n<li>Consistent customer wins through focus on high value B2C and B2B users.<\/li>\n<li>Leveraging digital capabilities for sales, marketing and understanding customers.<\/li>\n<li>Investments in fiber, systems integration and emerging segments.<\/li>\n<li>Massive rollout of 30,000 sites performed well on key metrics.<\/li>\n<li>Gaps remain in 5 key circles representing 18% subscriber share.<\/li>\n<li>Will increase coverage in these circles to build customer tailwind.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Digital Capability Monetization<\/strong>\n<ul>\n<li>Can extend digital experience platforms to other telcos globally.<\/li>\n<li>Portfolio of digital services like Airtel IQ and Airtel Finance.<\/li>\n<li>Capturing IoT opportunity across connectivity, cloud, analytics.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capital Allocation<\/strong>\n<ul>\n<li>Delivered consistent quarter with strong cash generation.<\/li>\n<li>Prudent capital allocation improving ROCE without tariff hikes.<\/li>\n<li>Investing to build future-ready capabilities across focus areas.<\/li>\n<li>Strong cash conversion driven by operating leverage improvements.<\/li>\n<li>Priority use of cash flow remains debt reduction for now.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capex and Cash Flow Outlook<\/strong>\n<ul>\n<li>Elevated capex of INR25,000 crores in FY2025 with 5G and rural rollout.<\/li>\n<li>Expects capex to moderate in FY2026.<\/li>\n<li>Long-term target is 15-20% capex to revenue ratio.<\/li>\n<li>Continued deleveraging expected with operating leverage benefits.<\/li>\n<li>Headroom for growth in broadband, B2B and mobility.<\/li>\n<li>Margin expansion to drive improved net debt to EBITDA over time.<\/li>\n<li>First priority is debt reduction for both India and Africa.<\/li>\n<li>Targeting sub-2x net debt\/EBITDA for India.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Network Expansion Plans<\/strong>\n<ul>\n<li>Currently over 300,000 sites nationwide.<\/li>\n<li>Looking to add 25,000 more sites in 5 key underpenetrated circles.<\/li>\n<li>Expects to bridge gap prudently based on cluster level profitability.<\/li>\n<\/ul>\n<\/li>\n<li><strong>2G\/5G Network Outlook<\/strong>\n<ul>\n<li>2G now contributes 17% of overall business revenue.<\/li>\n<li>Contribution higher in rural states but reducing steadily.<\/li>\n<li>Expects substantial disappearance of 2G over next few years.<\/li>\n<li>Currently 65 million 5G subscribers, about 15-16% of total.<\/li>\n<li>Expect 25% 5G share of smartphones by March 2025.<\/li>\n<li>60-80% of new devices shipping are 5G capable.<\/li>\n<\/ul>\n<\/li>\n<li><strong>5G Migration Approach<\/strong>\n<ul>\n<li>To shift progressively from NSA to SA architecture over time.<\/li>\n<li>As more traffic shifts to 5G, will refarm 4G spectrum to 5G.<\/li>\n<li>Following customer traffic patterns to drive migration path.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q3 FY24 Earnings Concall Financial Performance Revenue impacted by currency devaluations in Africa. India revenue grew steadily at 3% sequentially to over INR 27,800 crores. EBITDA margin remained healthy at 53.9%. Generated operating cash flows of INR 7,250 crores in India. Segment Performance Strong mobile subscriber additions of [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"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":[10169,316,8981],"class_list":["post-158465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-earnings","tag-telecom","tag-telecom-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":155636,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":158465,"position":0},"title":"Bharti Airtel Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"November 1, 2023","format":false,"excerpt":"Key highlights from Bharti Airtel Ltd (BHARTIARTL) Q2 FY24 Earnings Concall Financial Performance Consolidated revenues at INR37,000 crores, impacted by currency devaluation in Africa. India revenue grew 2.3% sequentially to over INR27,000 crores. EBITDA margins expanded to 53.7%. Strong cash flows generated despite elevated capex. Performance driven by steady growth\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\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":158980,"url":"https:\/\/alphastreet.com\/india\/nbcc-india-ltd-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":158465,"position":1},"title":"NBCC India Ltd Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 20, 2024","format":false,"excerpt":"Key highlights from NBCC India Ltd (NBCC) Q3 FY24 Earnings Concall Amrapali Project NBCC contributed INR 1,170 crores to topline from Amrapali project. 16,000 out of 38,000 housing units already completed and handover in process. Another 14,000 units will be ready by December 2024. NBCC and ASPIRE team achieved sale\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\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":172077,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-q2-fy26-earnings-results\/","url_meta":{"origin":158465,"position":2},"title":"Bharti Airtel\u00a0Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"November 4, 2025","format":false,"excerpt":"Bharti Airtel, a leading telecom services provider across India, Africa, and other regions, reported outstanding Q2 FY26 results characterized by strong revenue growth and profitability. Financial Highlights: Consolidated revenues increased 25.73% year on year to \u20b952,145 crore from \u20b941,473 crore. Total expenses rose moderately by 12.71% to \u20b940,632 crore from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/BH.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":158865,"url":"https:\/\/alphastreet.com\/india\/indian-railway-catering-and-tourism-corp-ltd-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":158465,"position":3},"title":"Indian Railway Catering and Tourism Corp. Ltd Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"February 15, 2024","format":false,"excerpt":"Key highlights from Indian Railway Catering and Tourism Corp. Ltd (IRCTC) Q3 FY24 Earnings Concall Revenue Growth Q3 revenue reached highest ever at INR 1,118 crores, up 21.8% YoY and 12.4% QoQ. Catering revenue grew 29.1% YoY to INR 508 crores. Internet ticketing revenue grew 11.4% YoY to INR 335\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\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":135326,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-limited-q2-fy23-revenue-up-by-22\/","url_meta":{"origin":158465,"position":4},"title":"Bharti Airtel Limited Q2 FY23; Revenue Up By 22%","author":"Hardik Bhandare","date":"November 1, 2022","format":false,"excerpt":"Bharati Airtel Limited (NSE: BHARTIARTL) reported Q2FY23 result with a Revenue surge of 22% up to \u20b934,526.8 Crores from \u20b928,326.4 Crores year on year. The Net Profit increased by 49% to \u20b92,978.9 Crores from \u20b91,998.1 Crores in the same period. The Earnings per share is \u20b93.75 for this quarter.","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/9acbba59-67fc-4ced-9126-8fdac3eaebd7-1-scaled.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166715,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-ltd-q3fy25-461-rise-in-profits\/","url_meta":{"origin":158465,"position":5},"title":"Bharti Airtel Ltd Q3FY25; 461% rise in Profits","author":"Chirag Gupta","date":"February 6, 2025","format":false,"excerpt":"Bharti Airtel Ltd is one of the world\u2019s leading providers of telecommunication services with presence in 18 countries representing India, Sri Lanka, 14 countries in Africa. Financial Results: Bharti Airtel Ltd reported Revenues for Q3FY25 of \u20b945,129.00 Crores up from \u20b937,900.00 Crore year on year, a rise of 19.07%. Total\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/fc9fd791-e728-42e5-9854-da7feed27354.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/158465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=158465"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/158465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/154818"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=158465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=158465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=158465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}