Bharti Airtel, Vodafone Idea: Key things to watch in telcos' Q1 results

Vodafone Idea is slated to report its Q1FY23 earnings on August 3, whereas Bharti Airtel would report its results on August 8

Analysts expect telecom companies – Bharti Airtel and Vodafone Idea – to report 1-3 per cent sequential topline growth for the April-June (Q1FY23) quarter aided by limited mobile broadband upgrades, and residual impact of around 20 per cent tariff hike done in November 2021.
 

Moreover, the tariff hike may also lead to muted subscriber addition for Bharti Airtel, and churn for Vodafone Idea, they said. 
 

"We forecast telecom operators to report Q1FY23 revenue growth of 1–5 per cent quarter-on-quarter (QoQ), largely led by average revenue per user (ARPU) improvement. We also anticipate the subscriber shift from weak to strong operators