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Bharti Airtel’s subsidiary logs surge in biz volumes amid pandemic

05 Jul 2021 Evaluate

Bharti Airtel’s subsidiary -- Airtel Payments Bank has seen a surge in business volumes in FY21 as lockdown curbs and migrants heading back to villages spurred new accounts as well as transactions, and the company is eyeing a break-even this fiscal.

Factors like growth in revenues expanded scale of operations, and higher realization per user from cross-selling of products are expected to drive break-even in the current financial year.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1819.95
Vodafone Idea 14.27
Indus Towers 382.10
Tata Communications 1698.00
Railtel Corp. India 263.90
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