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Bharti Airtel declines on reporting 22% fall in Q3 consolidated net profit

08 Feb 2012 Evaluate

Bharti Airtel is currently trading at Rs. 354.80, down by 24.15 points or 6.37% from its previous closing of Rs. 378.95 on the BSE.

The scrip opened at Rs. 368.00 and has touched a high and low of Rs. 368.80 and Rs. 354.80 respectively. So far 672904 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 444.70 on 01-Aug-2011 and a 52 week low of Rs. 309.00 on 15-Mar-2011.

Last one week high and low of the scrip stood at Rs. 400.90 and Rs. 354.60 respectively. The current market cap of the company is Rs. 137033.87 crore.

The promoters holding in the company stood at 68.50% while Institutions and Non-Institutions held 25.70% and 5.81% respectively. 

Bharti Airtel has reported results for third quarter ended December 31, 2011.

The company has posted a fall of 23.37% in its net profit to Rs 1416.00 crore for the quarter ended December 31, 2011 as compared to Rs 1847.80 crore for the same quarter in the previous year. However, total income has decreased by 8.97% to Rs 9578.60 crore for quarter under review as compared to Rs 10523.00 crore for the quarter ended December 31, 2010.

Peers
Company Name CMP
Bharti Airtel 1866.00
Vodafone Idea 14.10
Indus Towers 384.00
Tata Communications 1772.80
Railtel Corp. India 264.85
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