Bharti Airtel gained 2.70% to Rs 838 at 10:25 IST on BSE on reporting 44.86% surge in net profit to Rs 2046.79 crore on 39.73% increase in revenue to Rs 7952.32 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results before trading hours today, 24 July 2008.
The stock hit a high of Rs 861 and a low of Rs 834.30 so far during the day. The stock had a 52-week high of Rs 1149 on 10 October 2007 and a 52-week low of Rs 688 on 1 July 2008.
The company has an equity capital of Rs 1898.02 crore. Face value per share is Rs 10.
The current price of Rs 838 discounts its Q4 March 2008 annualised EPS of Rs 37.77, by a
PE multiple of 22.19.
As per Indian Generally Accepted Accounting Principles (IGAAP), Bharti Airtel reported a 52.13% surge in consolidated net profit to Rs 2166.68 crore on 43.82% increase in total income to Rs 8567.58 crore in Q1 June 2008 over Q1 June 2007.
As per United States Generally Accepted Accounting Principles (US GAAP), the company’s net profit rose 33.96% to Rs 2025 crore on 43.67% growth in total revenue to Rs 8483.3 crore in Q1 June 2008 over Q1 June 2007.
In May 2008, Bharti Airtel called off talks with the South African telecom major, MTN, to explore the possibility of a merger between the two emerging markets telecom giants.
Bharti Airtel provides mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
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