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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

07/29/2020 | 08:26am EST
A Bharti Airtel office building is pictured in Gurugram

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)


© Reuters 2020
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Financials
Sales 2021 1 021 B 13 847 M 13 847 M
Net income 2021 -139 851 M -1 896 M -1 896 M
Net Debt 2021 1 313 B 17 795 M 17 795 M
P/E ratio 2021 -19,8x
Yield 2021 0,36%
Capitalization 2 693 B 36 512 M 36 517 M
EV / Sales 2021 3,92x
EV / Sales 2022 3,44x
Nbr of Employees 19 138
Free-Float 43,7%
Chart BHARTI AIRTEL LIMITED
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Bharti Airtel Limited Technical Analysis Chart | 532454 | INE397D01024 | MarketScreener
Technical analysis trends BHARTI AIRTEL LIMITED
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 666,83 INR
Last Close Price 493,90 INR
Spread / Highest target 82,2%
Spread / Average Target 35,0%
Spread / Lowest Target 8,32%
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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