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

BHARTI AIRTEL LIMITED

(532454)
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Vodafone's India unit sees revenue dip as pandemic hits business

08/06/2020 | 07:50am EST
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)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BHARTI AIRTEL LIMITED -1.02% 479.95 End-of-day quote.5.30%
VODAFONE GROUP PLC 0.08% 127.16 Delayed Quote.-13.42%
VODAFONE IDEA LIMITED 0.51% 9.95 Delayed Quote.60.98%
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Financials
Sales 2021 1 021 B 13 850 M 13 850 M
Net income 2021 -139 851 M -1 897 M -1 897 M
Net Debt 2021 1 313 B 17 799 M 17 799 M
P/E ratio 2021 -19,2x
Yield 2021 0,37%
Capitalization 2 617 B 35 493 M 35 494 M
EV / Sales 2021 3,85x
EV / Sales 2022 3,38x
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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Average target price 666,83 INR
Last Close Price 479,95 INR
Spread / Highest target 87,5%
Spread / Average Target 38,9%
Spread / Lowest Target 11,5%
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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