Bharti Airtel gained 0.07% to Rs 368.10 at 9:40 IST on BSE after the company reported 135.41% surge in consolidated net profit to Rs 1436.50 crore on 5.77% rise in total income to Rs 23228.10 crore in Q3 December 2014 over Q3 December 2013.
The Q3 result was announced after market hours yesterday, 4 February 2015.
Meanwhile, the BSE Sensex was up 60.52 points, or 0.21%, to 28,943.63.
On BSE, so far 69,545 shares were traded in the counter, compared with an average volume of 2.98 lakh shares in the past one quarter.
The stock hit a high of Rs 372 and a low of Rs 362.15 so far during the day. The stock hit a 52-week high of Rs 419.90 on 19 September 2014. The stock hit a 52-week low of Rs 282.10 on 24 February 2014.
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The stock had underperformed the market over the past one month till 4 February 2015, rising 0.82% compared with 3.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, declining 7.11% as against Sensex's 3.67% rise.
The large-cap telecom firm has an equity capital of Rs 1998.70 crore. Face value per share is Rs 5.
The improved operational efficiency has resulted in the sharp jump in consolidated net profit in Q3 December 2014. This is the highest quarterly profit since September 2010. Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 9.6% to Rs 7786 crore in Q3 December 2014 over Q3 December 2013. EBITDA margin expanded to 33.5% in Q3 December 2014, from 32.4% in Q3 December 2013. The result was as per International Financial Reporting Standards (IFRS).
Consolidated mobile data revenue rose 61.9% to Rs 2872 crore in Q3 December 2014 over Q3 December 2013, uplifted by higher data usage. Mobile data revenues now contribute more than 85% of the incremental revenues of the company, Bharti Airtel said.
Bharti Airtel's overall customer base rose 8.9% to 31.29 crore across 20 countries in Q3 December 2014 over Q3 December 2013.
India revenues registered a growth of 12.6% across segments in Q3 December 2014 over Q3 December 2013, led by 13.0% in Mobile, 13.2% in Telemedia and 15.8% in Digital TV. Africa revenues grew by 3.9% in local currency terms, but the reported revenues were down by 5.3% due to appreciation of the US dollar in Q3 December 2014 over Q3 December 2013.
Gopal Vittal, MD and CEO, India & South Asia, said that the company has remained focused on driving topline through stepped up customer acquisitions with continued focus on churn, ensuring pricing stability, and path-breaking innovations in mobile data.
Christian de Faria, MD and CEO, Africa, said that the company has maintained its focus on growing customer base and topline in a cost-efficient manner. Significant depreciation in most African currencies especially the Nigerian Naira has however depressed the reported results in dollar terms, Christian de Faria said.
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