Bharti Airtel shares up 2% post Q4 results

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE

Shares of rose by over 2% in the morning trade today even as the company posted a decline of 28.19% in consolidated net income for the fourth quarter ended March 31.

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE.

At the NSE, the stock gained 1.37% to Rs 312.55.

Bharti airtel today reported a decline of 28.19% in consolidated net income at Rs 1,006 crore for the fourth quarter ended March 31, hit by higher cost of 3G licence fee amortisation, 3G interest costs, forex losses and tax provisions.

The country's largest telecom operator had registered a net profit of Rs 1,401 crore in the January-March quarter of the previous fiscal.

"The recent regulatory developments in India will have significant implications on the future of telephony and broadband as well as India's global competitiveness,"  Bharti Airtel CMD Sunil Bharti Mittal said.

Total revenue of the company, however, was up by 15% at Rs 18,729 crore for the March quarter, compared to Rs 1,293 crore in the year-ago period.

For the full year ended March, 2012, Bharti airtel's net profit was down by 29.6% at Rs 4,259 crore, compared to Rs 6,047 crore in FY11.

Total revenue for FY12 stood at Rs 71,451 crore, as against Rs 59,538 crore in FY11, up 20%.

The BSE 30-scrip Sensex, of which Bharti is a part, was up 81 points, or 0.47% at 10:55 am.

image
Business Standard
177 22
Business Standard

Bharti Airtel shares up 2% post Q4 results

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE

Press Trust of India  |  Mumbai 



Shares of rose by over 2% in the morning trade today even as the company posted a decline of 28.19% in consolidated net income for the fourth quarter ended March 31.

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE.

At the NSE, the stock gained 1.37% to Rs 312.55.

Bharti airtel today reported a decline of 28.19% in consolidated net income at Rs 1,006 crore for the fourth quarter ended March 31, hit by higher cost of 3G licence fee amortisation, 3G interest costs, forex losses and tax provisions.

The country's largest telecom operator had registered a net profit of Rs 1,401 crore in the January-March quarter of the previous fiscal.

"The recent regulatory developments in India will have significant implications on the future of telephony and broadband as well as India's global competitiveness,"  Bharti Airtel CMD Sunil Bharti Mittal said.



Total revenue of the company, however, was up by 15% at Rs 18,729 crore for the March quarter, compared to Rs 1,293 crore in the year-ago period.

For the full year ended March, 2012, Bharti airtel's net profit was down by 29.6% at Rs 4,259 crore, compared to Rs 6,047 crore in FY11.

Total revenue for FY12 stood at Rs 71,451 crore, as against Rs 59,538 crore in FY11, up 20%.

The BSE 30-scrip Sensex, of which Bharti is a part, was up 81 points, or 0.47% at 10:55 am.

RECOMMENDED FOR YOU

Bharti Airtel shares up 2% post Q4 results

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE.

Shares of rose by over 2% in the morning trade today even as the company posted a decline of 28.19% in consolidated net income for the fourth quarter ended March 31.

The scrip started the day on a bullish note and further gained 2.25% to Rs 317.30 on the BSE.

At the NSE, the stock gained 1.37% to Rs 312.55.

Bharti airtel today reported a decline of 28.19% in consolidated net income at Rs 1,006 crore for the fourth quarter ended March 31, hit by higher cost of 3G licence fee amortisation, 3G interest costs, forex losses and tax provisions.

The country's largest telecom operator had registered a net profit of Rs 1,401 crore in the January-March quarter of the previous fiscal.

"The recent regulatory developments in India will have significant implications on the future of telephony and broadband as well as India's global competitiveness,"  Bharti Airtel CMD Sunil Bharti Mittal said.

Total revenue of the company, however, was up by 15% at Rs 18,729 crore for the March quarter, compared to Rs 1,293 crore in the year-ago period.

For the full year ended March, 2012, Bharti airtel's net profit was down by 29.6% at Rs 4,259 crore, compared to Rs 6,047 crore in FY11.

Total revenue for FY12 stood at Rs 71,451 crore, as against Rs 59,538 crore in FY11, up 20%.

The BSE 30-scrip Sensex, of which Bharti is a part, was up 81 points, or 0.47% at 10:55 am.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • Rating agency shares soar on corporate bond Rating agency shares soar on corporate bond boost
  • Moody’s RBI norms on corporate bonds credit positive, says Moody's

STOCK WATCH

Company Price() Chg(%)
Trident 56.00 12.45
VST Inds. 2296.20 10.12
GRUH Finance 345.20 9.33
J B Chem & Pharm 336.60 7.90
Century Textiles 709.85 5.92
> More on BSE Gainers
Company Price() Chg(%)
Trident 56.45 13.13
Future Lifestyle 137.65 10.92
GRUH Finance 346.05 9.46
VST Inds. 2284.90 9.22
J B Chem & Pharm 336.50 7.71
> More on NSE Gainers
Company Price() Chg(%)
Welspun India 49.70 -8.64
Shilpa Medicare 553.00 -7.82
Piramal Enterp. 1851.10 -5.41
Jaypee Infratec. 9.21 -4.76
Avanti Feeds 534.10 -4.20
> More on BSE Gainers
Company Price() Chg(%)
Welspun India 49.40 -8.60
Shilpa Medicare 551.70 -7.87
IDBI Bank 70.45 -6.38
Jaypee Infratec. 9.10 -5.70
Piramal Enterp. 1847.10 -5.48
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard