One of India’s leading telecom service providers’ share price rose 0.8% to an intraday high of ₹1,168.90 per share from its previous close of ₹1,159.20, following the company’s prepaid ₹8,345 crore.
Bharti Airtel Ltd prepaid ₹8,325 crores to the Department of Telecom (Government of India) for part payment of the deferred liabilities of spectrum acquired in the 2015 auction at a 10% interest cost, as per the exchange filing on Tuesday.
Looking at Bharti Airtel Limited’s financials, their net revenue increased by 7.2% YoY, from ₹34,527 crores in Q2FY23 to ₹37,044 crores in Q2FY24 and 1% fell in QoQ from ₹37,440 crores in Q1FY24.
In addition, the net profit fell by 29% YoY, from ₹2,979 crore in Q2FY23 to ₹26.98 crore in Q2FY24, and rose by 37% in QoQ from ₹1,520 crores in Q1FY24.
With a Market capitalization of ₹6,57,160 crores, Bharati Airtel is a large-cap company, the share price of the company has risen by 31% in the last six months and 50% in the last year.
Bharti Airtel has a return on equity of 14.7%, a return on capital employed of 18% a net profit margin of 12.4%, a dividend yield of 0.3%, and a PEG ratio of 0.72.
The promoters own 54.75% of the company, while the general public owns 5.11%, foreign institutional investors own 21.87%, and domestic institutional investors own 18.27%.
Bharti Airtel Limited is a global telecommunications company. It operates in five segments: Mobile Services, Homes Services, Digital TV Services, Airtel Business, and South Asia. The Mobile Services India segment includes voice and data telecom services in India that are delivered via wireless technology.
Written by Sriram KV
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