Valuation Gap Narrows Between Bharti Airtel and Jio Platforms
What happened
The valuation gap between Bharti Airtel and Jio Platforms is reportedly narrowing. Jio Platforms reported double-digit year-on-year growth in revenue and net profit for the September quarter, driven by improved average revenue per user and 5G adoption. Meanwhile, Reliance Industries' consolidated revenue grew 27.8% year-on-year to ₹3.6 lakh crore, though the retail segment's Ebitda declined 10.2% year-on-year due to higher input costs and digital commerce investments.
From indiatimes.com
Why it matters
The narrowing valuation gap reflects the competitive dynamic between the two major Indian telecom players. Jio Platforms is identified as a major growth asset of Reliance Retail, which drives the conglomerate's value.
Morgan Stanley estimates Jio's enterprise value and analyzes Reliance's AI investment in India, valuing Jio premium to Bharti Airtel.
From indiatimes.com
Who's involved
- Bharti AirtelIndian multinational telecommunications company competing with Jio Platforms.
- Jio PlatformsIndian telecommunications and technology company and subsidiary of Reliance Industries.
- Mukesh AmbaniIndian businessman who exercises ownership and leadership control over Jio Platforms.
- Reliance RetailIndian retail company that houses Jio Platforms as a major growth asset.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Jio PlatformsSpeculative
Jio Platforms could see its market price validated by the narrowing valuation gap, supporting its business growth.
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The entities involved
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Bharti Airtel
Indian multinational telecommunications company
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Jio Platforms
Indian telecommunications and technology company
Related events
- Jio Platforms is highlighted as an India-based telecom giant with a low churn rate compared to Bharti Airtel.
- Jio Platforms and rival Bharti Airtel operate in the telecom sector, with a successful IPO potentially boosting market sentiments.
- Abhinav Tiwari analyzes the listing and valuation of Jio Platforms, a major Indian telecommunications company.
- Jio's market capitalization surpassed that of Bharti Airtel, with Mukesh Ambani leading Reliance Jio Platforms.
- Jio Platforms opens bidding for its IPO, while Paytm and Hyundai report significant financial updates.