The telco's quarterly revenue stood at Rs 10,410 crore, a YoY growth of 13.7 per cent. ARPU for the quarter improved 23.4 per cent YoY to Rs 128, aided by tariff hikes.
Consolidated Ebitda or operating profit came in at ₹7,506 crore against ₹2,292 crore in the year-ago period, a rise of 227%, which includes prior period revenue recognition of ₹4,212 crore vs ₹657 crore during the respective periods, the company said in a BSE filing.
Overall loan book grew 26% year on year, to Rs 57,839 crore with total disbursements at Rs 8,039 crore during the quarter up 3.1 times over previous year. Net interest margins, of the difference between the yield earned on loans and that paid for funds, rose 33 basis points to 6.47%. One basis point is 0.01 percentage point.
“We are seeing sector rotation and that will likely continue. There is an overall tilt towards looking for where growth is and that is why we have begun to see money coming back into emerging markets including India. From that perspective, maybe India will develop some kind of cushion so that it cannot fall too far. ”
"Alternatively, the MPC could choose to hike by a more aggressive 50 bps - same as June, joining some DM and regional central banks in sending a more decisive signal,” BofA Securities said.“On the other hand, we also cannot completely rule out a 25 bps hike as the MPC could acknowledge that inflation has peaked and cite downside risks to their estimates, resorting to standard, more measured hikes," it added.