Bharti Airtel slips after Q4 results

Bharti Airtel fell 3.69% to Rs 307 at 9:29 IST on BSE after consolidated net profit as per IFRS fell 49.4% to Rs 509 crore on 9.2% increase in total revenues to Rs 20448 crore in Q4 March 2013 over Q4 March 2012.

The result was announced before trading hours today, 2 May 2013.

Meanwhile, the BSE Sensex was up 42.07 points, or 0.22%, to 19,546.25.

On BSE, 1.90 lakh shares were traded in the counter as against an average daily volume of 4.87 lakh shares in the past one quarter.

The stock hit a high of Rs 312 and a low of Rs 305.25 so far during the day. The stock had hit a 52-week high of Rs 370.40 on 25 January 2013. The stock had hit a 52-week low of Rs 238.50 on 30 August 2012.

The stock had outperformed the market over the past one month till 30 April 2013, rising 9.24% compared with the Sensex's 3.55% rise. The scrip had, however, underperformed the market in past one quarter, sliding 7.51% as against Sensex's 2.50% fall.

India's largest listed telecom company by sales has an equity capital of Rs 1898.76 crore. Face value per share is Rs 5.

Bharti Airtel's consolidated net profit as per IFRS fell 46.6% to Rs 2276 crore on 12.4% increase in total revenues to Rs 80311 crore in the year ended March 2013 over the year ended March 2012.

Bharti Airtel is a leading global telecommunications company with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the company ranks amongst the top 4 mobile service providers globally in terms of subscrib In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed DSL broadband, IPTV, DTH, enterprise services including national & international long distance services to carriers. In rest of the geographies, it offers 2G, 3G wireless services and mobile commerce. The company had over 271 million customers across its operations at the end of March 2013.

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