BHARTIARTL / Q3-FY25 / claim-ledger

Audit the questions that mattered.

Bharti Airtel · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY25 · 2025-01-31Back to quarter ↗

Questions audited

6

Answered directly

50%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Vivekanand Subbaraman · Ambit Private Limited

partial

Impact of transferring 3,400 towers to Indus on P&L and cost structure.

Well, if you look at net income level, there won't be much of a difference... At a net income level, we don't expect much of a difference between what it is now and what it will be later.

Vivekanand Subbaraman · Ambit Private Limited

partial

How to model reported EBITDA margin after tower transfer.

From an EBITDA point of view, there will be some dilution in the EBITDA consequent to the incremental IP fees... EBITDA will get very marginally diluted, but that will be very small.

Vivekanand Subbaraman · Ambit Private Limited

partial

Capital structure and use of cash from tower sale for Hexacom.

there is an angle of dividend payout... FWA rollout will create a need for CapEx in Hexacom... net debt to EBITDA looks very promising at just above one.

Vivekanand Subbaraman · Ambit Private Limited

evasive

CapEx guidance for FWA scale-up in next fiscal.

directionally, there could be marginal increase. It all depends on the FWA rollout... directionally, not very different.

Piyush Choudhary · HSBC

direct

FTTH home pass and FWA coverage for Hexacom, TAM in its regions.

In terms of addressable market, I would say this would be about 3-4 million. We are present in close to about 200 cities in Hexacom. About 2 million home passes we have currently in Bharti Hexacom.

Vivekanand Subbaraman · Ambit Private Limited

partial

Exceptional charge of INR 1.4 billion and legal recourse.

there is a periodic review of the carrying value of various assets and liabilities... there is no cash payout or anything of that sort... It's a one-time issue.