Bharti Airtel Limited
NSE Symbol BHARTIARTL
BHARTI AIRTEL has declared its results for Q/E Dec,2010. It is compared with the previous 4 qtrs as below :
Net Sales is Rs.9563.70 cr - up by 2.84% from Q2 FY 11; by 2.57% from Q1 FY 11; by 7.31% from Q4 FY 10; and by 9.23% from Q3 FY 10.
Total Expenditure is Rs.7483.40 Cr – up by 5.88% from Q2 FY 11; by 6.54% from Q1 FY 11; by 11.72% from Q4 FY 10; and by 16.19% from Q3 FY 10;
Thus expenditure has grown much higher compared to growth in Sales income.
Profit from Operations is Rs.2080.30 cr – down by : 6.8% from Q2 FY 11; by 9.55% from Q1 FY 11; by 6.01% from Q4 FY 10; and by 10.13% from Q3 FY 10.
Profit before tax is Rs.2039.50 cr – down by 14.95% from Q2 FY 11; down by 7.52% from Q1 FY 11; down by 19.25% from Q4 FY 10; and down by 20.23% from Q3 FY 10. This has come down due to higher Interest burden.
Tax expense is slightly Lower.
Hence, Net Profit is Rs.1847.80 cr – down (slightly less ) by 12.02% from Q2 FY11; by 4.3% from Q1 FY 11; by 13.23% from Q4 FY 10; and by 20.08% from Q3 FY 10.
On a Face Value of Rs.5, the Basic EPS is Rs.4.87 – down by 11.93% from Q2 FY 11; by 4.13% from Q1 FY 11; by 13.04% from Q4 FY 10; and by 20.03% from Q3 FY 10.
Current MP is around Rs.331. On an annual EPS of around Rs.20, the PE Ratio is 16.55. The Telecom Industry is going through various uncertainties. Considering all that, Bharti’s performance appears to be reasonably good.
When the current turmoils eventually subside, Bharti could emerge a good winner. As can be seen from the various initiatives Bharti has been taking in the other countries (see Announcements section), Bharti will eventually emerge as a Big Telecom Multinational from India, in its own right and will immunize itself for any turmoils in any country. It seems to have the Best of Partnerships (in IBM, Ericsson etc) to achieve this.
STAND ALONE RESULTS TABLE :
| BHARTI AIRTEL | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Mar-10 | 31-Dec-09 |
| Net Sales | 956370 | 929990 | 932370 | 891192 | 875545 |
| Net Sales | 956370 | 2.84 | 2.57 | 7.31 | 9.23 |
| Employees Cost | 35980 | 38590 | 35340 | 37905 | 34947 |
| Depreciation | 112810 | 106620 | 106670 | 100286 | 99018 |
| Other Expenditure | 599550 | 561560 | 560360 | 531658 | 510089 |
| Total Expenditure | 748340 | 706770 | 702370 | 669849 | 644054 |
| Total Expenditure | 748340 | 5.88 | 6.54 | 11.72 | 16.19 |
| Profit from Operations | 208030 | 223220 | 230000 | 221343 | 231491 |
| Profit from Operations | 208030 | -6.8 | -9.55 | -6.01 | -10.13 |
| Other Income | 1490 | 1990 | 5000 | 3240 | 1611 |
| Interest | 5570 | -14600 | 14460 | -27984 | -22566 |
| Profit before tax | 203950 | 239810 | 220540 | 252567 | 255668 |
| Profit before tax | 203950 | -14.95 | -7.52 | -19.25 | -20.23 |
| Tax expense | 19170 | 29780 | 27450 | 39606 | 24458 |
| Net Profit after tax | 184780 | 210030 | 193090 | 212961 | 231210 |
| Net Profit | 184780 | 210030 | 193090 | 212961 | 231210 |
| Net Profit | 184780 | -12.02 | -4.3 | -13.23 | -20.08 |
| Face Value (In Rs | 5 | 5 | 5 | 5 | 5 |
| Paid Up Equity | 189880 | 189880 | 189880 | 189877 | 189848 |
| Reserves | 4079010 | 3892160 | 3679750 | 3483628 | 3312236 |
| Basic EPS | 4.87 | 5.53 | 5.08 | 5.6 | 6.09 |
| Basic EPS | 4.87 | -11.93 | -4.13 | -13.04 | -20.03 |
| Public Holding (%) | 31.8 | 32.13 | 32.13 | 32.17 | 32.16 |
ANNOUNCEMENTS
TO THE NSE
02-02-2011 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 956370 lacs for quarter ending on 31-DEC-2010 against Rs. 929990 lacs for the quarter ending on 30-SEP-2010. Net Profit / (Loss) of Rs. 184780 lacs for the quarter ending on 31-DEC-2010 against Rs. 210030 lacs for the quarter ending on 30-SEP-2010.
12-01-2011 Bharti Airtel Limited has informed the Exchange regarding a press release dated January 12, 2011, titled "SBI and airtel join hands to usher in a new era of financial inclusion for unbanked India".
20-12-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated December 20, 2010, titled "Kyamon acho Bangladesh' says airtel"
18-11-2010 Bharti Airtel Limited has informed the Exchange regarding the press release dated November 18, 2010, titled "airtel unveils new youthful and dynamic global identity".
10-11-2010 Bharti Airtel Limited has informed the Exchange regarding the press release dated November 10, 2010, titled "Q2 FY11 Revenues at Rs.15,215 crore, up by 47% Y-o-Y".
10-11-2010 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 929990 lacs for quarter ending on 30-SEP-2010 against Rs. 932370 lacs for the quarter ending on 30-JUN-2010. Net Profit / (Loss) of Rs. 210030 lacs for the quarter ending on 30-SEP-2010 against Rs. 193090 lacs for the quarter ending on 30-JUN-2010.
20-09-2010 Bharti Airtel Limited has informed the Exchange regarding a Press Release dated September 20, 2010, titled "Bharti Airtel gears up for 3G roll out - selects network partners".
17-09-2010 Bharti Airtel Limited has informed the Exchange regarding the Press Release dated September 17, 2010 titled "Bharti Airtel and IBM Join Forces to Transform Emerging African Mobile Communications Market and Fuel Economic Development Across the Continent".
11-08-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated August 11, 2010, titled "Bharti Airtel to acquire Telecom Seychelles; To expand Africa footprint to 16 countries".
11-08-2010 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 932370 lacs for quarter ending on 30-JUN-2010 against Rs. 891192 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 193090 lacs for the quarter ending on 30-JUN-2010 against Rs. 212961 lacs for the quarter ending on 31-MAR-2010.
08-06-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated June 08, 2010, titled "Airtel Connects with Africa - to become the first Indian brand to go truly global".
27-05-2010 Bharti Airtel Limited has informed the Exchange regarding the media statement being issued by the Company regarding the intimation of funds drawdown for the completion of acquisition of Zain Africa BV.
28-04-2010 Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4182946 lacs for year ending on 31-MAR-2010 against Rs. 3735208 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 916313 lacs for the year ending on
31-MAR-2010 against Rs. 785895 lacs for the year ending on 31-MAR-2009.
28-04-2010 Bharti Airtel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1073941 lacs for quarter ending on 31-MAR-2010 against Rs. 1030495 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 202411 lacs for the quarter ending on 31-MAR-2010 against Rs. 223690 lacs for the quarter ending on 31-DEC-2009.
28-04-2010 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3560954 lacs for year ending on 31-MAR-2010 against Rs. 3401429 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 942616 lacs for the year ending on 31-MAR-2010 against Rs. 774384 lacs for the year ending on 31-MAR-2009. -
28-04-2010 Bharti Airtel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 891192 lacs for quarter ending on 31-MAR-2010 against Rs. 875545 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 212961 lacs for the quarter ending on 31-MAR-2010 against Rs. 231210 lacs for the quarter ending on 31-DEC-2009.
28-04-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated April 28, 2010, titled "Q4 FY 2010 : Topline Growth bounces back - Quarterly revenue crosses Rs.10,000 crore mark for the first time".
28-04-2010 Bharti Airtel Limited has informed the Exchange that the Board of Directors in their meeting held on April 28, 2010 considered and recommended a dividend @ 20% i.e. Rs.1/- per equity share of Rs. 5/- each for the financial year 2009-10.The payment is subject to approval of the shareholders in the ensuing Annual General Meeting of the Company. -
07-04-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated April 07, 2010, titled "Now record TV from your mobile with 'Airtel digital TV Recorder'".
01-04-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated April 01, 2010, titled "Bharti Airtel and global telcos boost Trans-Pacific connectivity with the launch of the Unity cable system".
31-03-2010 Bharti Airtel Limited has informed the Exchange regarding a press release dated March 31, 2010, titled "Bharti Airtel extends partnership with Ericsson".
31-03-2010 Bharti Airtel Limited has informed the Exchange regarding execution of definitive agreement with Zain Group for acquisition of Zain Africa BV. Further, the Company has submitted to the Exchange a press release dated March 30, 2010, titled "Bharti set to acquire Zain Africa BV".
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