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

BHARTI AIRTEL LTD

(532454)
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Bharti Airtel : Swung to Wider-Than-Expected Net Loss in 2Q -- Earnings Review

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11/14/2019 | 10:53pm EST

By Saurabh Chaturvedi

Bharti Airtel Ltd. (532454.BY) reported its fiscal second-quarter results on Thursday. Here's what you need to know:

NET LOSS: Bharti Airtel Ltd. (532454.BY) posted a net loss of 230.45 billion rupees ($3.20 billion) in the second quarter as compared with a net profit of INR1.19 billion a year earlier. The net loss was bigger than a INR12.87 billion net loss estimated in a poll by FactSet.

TOTAL INCOME: Total income--comprising the firm's revenue and other income--came in at INR211.99 billion compared with INR202.30 billion in the same quarter last year.

WHAT WE WATCHED:

--LEVY: Bharti Airtel said it has made a provision of INR284.50 billion to pay overdue levies and interests to the government following the Indian Supreme Court's ruling last month on a dispute over licensing fees. "Management says it is reviewing its options available, including filing petitions before the SC, and is also hopeful of government relief," Citi said in a note.

--COMMENTARY: The company said it will require "significant additional financing to discharge its obligations under the court judgment." But it noted that there was no assurance that the management would be able to access additional sources of finance to the extent required, on terms acceptable to the group, and to raise the amounts in a timely manner. "This represents a material uncertainty whereby, it may be unable to realize its assets and discharge its liabilities in the normal course of business, and accordingly may cast significant doubt on the group's ability to continue as a going concern," Bharti Airtel said.

--MARGIN: The earnings before interest, tax, depreciation and amortization or EBITDA margin--a measure of a company's operating profit as a percentage of its revenue--at its India business grew to 41.2% in the quarter versus 28.5% a year earlier, as revenues in the region rose due to the doubling of mobile data traffic and growth in subscribers.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
AIRTEL AFRICA PLC 0.00% 78 Delayed Quote.0.00%
BHARTI AIRTEL LTD -2.96% 447.2 End-of-day quote.54.16%
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Financials (INR)
Sales 2020 855 B
EBIT 2020 76 179 M
Net income 2020 -188 473 M
Debt 2020 1 110 B
Yield 2020 0,62%
P/E ratio 2020 -9,69x
P/E ratio 2021 631x
EV / Sales2020 3,97x
EV / Sales2021 3,57x
Capitalization 2 282 B
Chart BHARTI AIRTEL LTD
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Bharti Airtel Ltd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Average target price 491,04  INR
Last Close Price 447,20  INR
Spread / Highest target 25,2%
Spread / Average Target 9,80%
Spread / Lowest Target -17,9%
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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