Bharti Airtel dips on lower-than-expected Q4 earnings
Q4 net profit at Rs 509 crore against an average analysts estimates of Rs 745 crore.
Bharti Airtel has dipped almost 4% to Rs 307 in opening deals on BSE after reporting 49% year-on-year (yoy) drop in its consolidated net profit at Rs 509 crore for the quarter ended March 2013 (Q4) mainly due to higher depreciation and amortization cost, net interest costs. The company had reported a profit of Rs 1,006 crore in year ago quarter.
Total income from operations, however, grew 9% at Rs 20,448 crore on y-o-y basis in the recently concluded quarter.
Analysts, on an average, had expected operational income of Rs 20,845 crore and profit of Rs 745 crore from the India’s largest operator of wireless telephony.
"Consolidated EBITDA margin declined 155 bps to 31.72% from 33.27% in the previous year quarter mainly due to pricing pressure and rising input costs," Bharti Airtel said in a statement.
Total income from operations, however, grew 9% at Rs 20,448 crore on y-o-y basis in the recently concluded quarter.
Analysts, on an average, had expected operational income of Rs 20,845 crore and profit of Rs 745 crore from the India’s largest operator of wireless telephony.
"Consolidated EBITDA margin declined 155 bps to 31.72% from 33.27% in the previous year quarter mainly due to pricing pressure and rising input costs," Bharti Airtel said in a statement.