Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

BHARTI AIRTEL LIMITED

(532454)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector news

Vodafone's India unit sees revenue dip as pandemic hits business

share with twitter share with LinkedIn share with facebook
08/06/2020 | 07:50am EDT
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai

Vodafone Idea Ltd reported a 5.4% fall in its first-quarter revenue on Thursday, as a nationwide lockdown hurt its business and the telecom company lost subscribers.

The company, a joint venture between Britain's Vodafone Group and billionaire Kumar Mangalam Birla's Idea Cellular, also reported a bigger quarterly loss, as it set aside 194.41 billion rupees for dues owed to the government.

Late last year the country's top court ordered Indian telecom companies to pay 920 billion rupees in overdue levies and interest to the government.

It was "a challenging quarter as availability of recharges due to store closures and ability of customers to recharge on account of economic slowdown were impacted," Chief Executive Officer Ravinder Takkar said.

Vodafone Idea's subscriber base declined to 279.8 million users in the reported quarter, from 291.1 million users in the fourth quarter. Average revenue per user fell to 114 rupees from 121 rupees in the sequentially previous quarter.

The company, India's third largest telecom operator by subscribers reported its eighth consecutive quarterly loss of 254.6 billion rupees, compared with a loss of 48.74 billion rupees a year earlier.

Vodafone Idea's consolidated revenue from operations fell to 106.59 billion rupees during the quarter, compared with 112.70 billion rupees a year earlier.

(Reporting by Philip George in Bengaluru; Editing by Shinjini Ganguli and Shounak Dasgupta)

Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 2.72% 432.35 End-of-day quote.-5.14%
VODAFONE GROUP PLC -0.95% 101.7 Delayed Quote.-30.04%
VODAFONE IDEA LIMITED -3.14% 9.25 Delayed Quote.55.28%
share with twitter share with LinkedIn share with facebook
All news about BHARTI AIRTEL LIMITED
09/23Sensex, Nifty slide for fifth session as Airtel, TCS drag
RE
09/01Telcos get 10 years to pay India dues, pain not over for Vodafone
RE
09/01Telcos get 10 years to pay India dues, pain not over for Vodafone
RE
09/01Nifty, Sensex end higher on Airtel boost, rebound in factory data
RE
09/01Vodafone Agrees to Proceed With Indian Tower Merger
DJ
09/01Vodafone Group Plc MERGER UPDATE - BHARTI INFRATEL AND INDUS TOWERS
DJ
09/01India's top court gives telecom firms 10 years to pay dues to government
RE
08/18Nifty, Sensex close higher, Grasim jumps
RE
08/06BHARTI AIRTEL : Airtel and AWS join hands to accelerate digital transformation o..
AQ
08/06Vodafone's India unit sees revenue dip as pandemic hits business
RE
More news
Financials
Sales 2021 1 004 B 13 721 M 13 721 M
Net income 2021 -125 264 M -1 711 M -1 711 M
Net Debt 2021 1 193 B 16 295 M 16 295 M
P/E ratio 2021 -19,4x
Yield 2021 0,44%
Capitalization 2 358 B 32 066 M 32 207 M
EV / Sales 2021 3,53x
EV / Sales 2022 3,07x
Nbr of Employees 19 650
Free-Float 43,6%
Chart BHARTI AIRTEL LIMITED
Duration : Period :
Bharti Airtel Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 28
Average target price 688,29 INR
Last Close Price 432,35 INR
Spread / Highest target 108%
Spread / Average Target 59,2%
Spread / Lowest Target 23,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
BHARTI AIRTEL LIMITED-5.14%31 217
SOFTBANK CORP.-19.32%53 022
CELLNEX TELECOM, S.A.45.36%29 711
SAFARICOM PLC-5.71%10 962
TELE2 AB (PUBL)-6.66%9 762
DIGI.COM-9.64%7 539