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

BHARTI AIRTEL LIMITED

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Bharti Airtel : quarterly revenue rises 15% on higher data usage, tariffs

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07/29/2020 | 10:23am EDT
A Bharti Airtel office building is pictured in Gurugram

BENGALURU, July 29 (Reuters) - India's Bharti Airtel Ltd on Wednesday reported a 15.4% rise in first-quarter revenue as customers consumed more data during the country's coronavirus lockdown, even at higher rates.

Indian telcos hiked tariffs late last year after the country's top court ordered them to pay 920 billion rupees ($12.31 billion) in overdue levies and interest to the government.

That helped quarterly revenue at the country's second-largest telecom operator by subscribers rise to 239.39 billion rupees, from 207.38 billion rupees a year earlier.

India imposed a nationwide lockdown in late March, confining millions of people to their homes.

Although the restrictions have been gradually eased, the health crisis has kept many people indoors, boosting internet consumption in the country.

Airtel's quarterly average revenue per user jumped 22% to 157 rupees.

It posted a consolidated loss of 159.33 billion rupees, compared with a loss of 28.66 billion rupees a year earlier.

The company recorded provisions of 107.44 billion rupees related to license fee and spectrum usage charges in the quarter. (Reporting by Philip George and Chris Thomas in Bengaluru; Editing by Aditya Soni)


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Financials
Sales 2021 1 006 B 13 614 M 13 614 M
Net income 2021 -125 028 M -1 692 M -1 692 M
Net Debt 2021 1 196 B 16 187 M 16 187 M
P/E ratio 2021 -19,3x
Yield 2021 0,42%
Capitalization 2 369 B 32 086 M 32 065 M
EV / Sales 2021 3,54x
EV / Sales 2022 3,10x
Nbr of Employees 19 650
Free-Float 43,7%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 29
Average target price 681,52 INR
Last Close Price 434,35 INR
Spread / Highest target 107%
Spread / Average Target 56,9%
Spread / Lowest Target 23,2%
EPS Revisions
Managers
NameTitle
Gopal Vittal CEO, Managing Director & Executive Director
Sunil Bharti Mittal Chairman
Ajai Puri Chief Operating Officer-India & South Asia Region
Badal Bagri Co-Chief Financial Officer
Nakul Sehgal Co-Chief Financial Officer
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