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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Bharti Airtel Limited    532454   INE397D01024

BHARTI AIRTEL LIMITED

(532454)
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Bharti Airtel Swung to Net Loss in 3Q -- Earnings Review

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02/04/2020 | 11:01pm EDT

By Kosaku Narioka

Bharti Airtel Ltd. (532454.BY) reported results for the third quarter ended December late Tuesday. Here is what you need to know:

NET LOSS: The Indian telecom company swung to a net loss of 10.35 billion rupees ($145.2 million) in its third quarter, higher than the estimated net loss of INR7.86 billion from a FactSet poll of analysts.

REVENUE: Third-quarter revenue, excluding other income, rose 8.5% from a year earlier to INR219.47 billion, which exceeded the FactSet estimate of INR217.42 billion.

WHAT WE WATCHED:

--INDIA: Its India mobile services business posted an operating loss of INR8.25 billion, smaller than the INR18.95 billion loss a year earlier. Revenue increased 9.6% for the segment to INR111.65 billion.

--AFRICA: Operating profit increased 28% for its African mobile services business to INR17.45 billion. Revenue increased 12% for the segment to INR62.70 billion.

--SPECIAL CHARGE: The company recorded a INR10.48 billion special charge as part of its obligations under the recent Supreme Court judgment. In October, the court ruled that telecom companies operating in the country need to pay billions of dollars to the government in a dispute over licensing fees.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIRTEL AFRICA PLC -6.93% 49 Delayed Quote.-38.71%
BHARTI AIRTEL LIMITED -0.43% 404.05 End-of-day quote.-2.40%
DOW JONES AFRICA TITANS 50 INDEX -2.41% 356.59 Delayed Quote.-33.53%
S&P AFRICA 40 INDEX -5.34% 104.6 Delayed Quote.-36.04%
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Financials (INR)
Sales 2020 870 B
EBIT 2020 89 669 M
Net income 2020 -241 868 M
Debt 2020 1 013 B
Yield 2020 0,39%
P/E ratio 2020 -8,26x
P/E ratio 2021 80,8x
EV / Sales2020 3,98x
EV / Sales2021 3,42x
Capitalization 2 448 B
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Technical analysis trends BHARTI AIRTEL LIMITED
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 27
Average target price 581,30  INR
Last Close Price 448,90  INR
Spread / Highest target 80,4%
Spread / Average Target 29,5%
Spread / Lowest Target -18,2%
EPS Revisions
Managers
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Nakul Sehgal Chief Financial Officer
Harmeen Mehta Global Chief Information Officer
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