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

BHARTI AIRTEL LIMITED

(532454)
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End-of-day quote. End-of-day quote MUMBAI STOCK EXCHANGE - 01/20
596.2 INR   +0.62%
01/19Indian shares end over 1% higher; markets eye Yellen speech
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Vodafone Idea posts slight slip in second-quarter revenue on subscriber losses

10/29/2020 | 09:11am EST

BENGALURU (Reuters) - Indian telecom operator Vodafone Idea Ltd reported a marginal fall in second-quarter revenue on Thursday, as subscriber losses to rivals overshadowed benefits from a move to hike tariffs last year.

The company's subscriber base slipped to 271.8 million subscribers as of September-end from 311.1 million subscribers a year ago, indicating a decline in market share for the joint venture between Vodafone Group and India's Idea Cellular.

"Vodafone-Idea seems to be struggling to stay relevant in today's times... (Bharti) Airtel and (Reliance) Jio, have made significant investments in building platform-based services to stay relevant in their customer's ecosystem," said Ashutosh Sharma, an analyst at Forrester.

The debt-laden company re-branded itself last month and approved a fundraise of up to 250 billion rupees ($3.38 billion), as it looks for ways to pay about 500 billion rupees in government dues.

Vodafone Idea said it was evaluating various fund raising options.

Vodafone Idea was saddled with gross debt of 1.16 trillion rupees, excluding lease liabilities, as of Sept. 30.

Quarterly average revenue per user (ARPU) at the country's third-largest telecom operator rose 11.2% to 119 rupees, but was much lower than larger rival Bharti Airtel's ARPU of 162 rupees.

Vodafone-Idea's 4G subscriber base stood at 106.1 million for the period, compared with 104.6 million in the first quarter ended June 30.

"Unless Vodafone is able to change its direction... find its niche either in enterprise business or customers, it will continue to lose customers," Sharma added.

Consolidated revenue fell to 107.91 billion rupees from 108.44 billion rupees a year earlier.

Consolidated loss came in at 72.18 billion rupees for the period ending Sept. 30, compared with a loss of 509.22 billion rupees a year earlier.

Earlier this week, Bharti Airtel reported a 22% jump in second-quarter consolidated revenue, helped by higher tariffs and strong 4G subscriber additions.

($1 = 73.9430 Indian rupees)

(Reporting by Philip George in Bengaluru; Editing by Anil D'Silva and Rashmi Aich)

By Vibhuti Sharma


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED 0.62% 596.2 End-of-day quote.17.06%
VODAFONE GROUP PLC 0.70% 128.08 Delayed Quote.5.13%
VODAFONE IDEA LIMITED -3.37% 12.9 Delayed Quote.25.35%
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Financials
Sales 2021 1 020 B 13 980 M 13 980 M
Net income 2021 -144 556 M -1 981 M -1 981 M
Net Debt 2021 1 348 B 18 478 M 18 478 M
P/E ratio 2021 -22,4x
Yield 2021 0,30%
Capitalization 3 251 B 44 562 M 44 559 M
EV / Sales 2021 4,51x
EV / Sales 2022 3,99x
Nbr of Employees 19 138
Free-Float 43,6%
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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 676,90 INR
Last Close Price 596,20 INR
Spread / Highest target 40,9%
Spread / Average Target 13,5%
Spread / Lowest Target -10,3%
EPS Revisions
Managers and Directors
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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