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Bharti Airtel Q3 Results Review - Inline With Healthy Internals, Capex A Pain: Dolat Capital

Steep capex of Rs 93.1 bn in Q3 and notable increase in capex to ~Rs 950 bn over FY23-25 vs earlier ~Rs 750-800 bn is a dampener.

<div class="paragraphs"><p>  Bharti Airtel office building in Gurgaon. (Photo: Reuters)</p></div>
Bharti Airtel office building in Gurgaon. (Photo: Reuters)
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