Wednesday, February 8, 2012

Bharti net drops, scrip tumbles 7%

Bharti Airtel was great beating the stock exchange said on Wednesday after the 16 percent drop in consolidated profit after tax for the third quarter (October-December). But the profit decline was much sharper 31 per cent of the total 2011 calendar are considered.

Disappointing results led the largest one in the final days of the company's share price drop from 12 May 2010. It was also the worst performer among S & P CNX Nifty stocks in the day. Stock closed Rs 354 on National Stock Exchange, losing 6.56 percent overnight at the end of Rs 378.75.

Company's consolidated total income of Rs 18,508 crore in the third quarter, however, were 17 percent more than a year ago. However, the PAT of Rs 1,022 crore declined by 16 percent and net profit after minority interest declined by 22 per cent of Rs 1,011 crore.

Order, from July to September October to December quarter, total revenue grew 7 percent, PAT remained the same, but the net profit after minority interest fell 1.5 percent.

"Bharti startling results of sequential margin (EBIT margin) decreases.

We note that this is largely fixed cost business, which is exhibiting strong revenue growth and continuous price improvement. In this environment, a lack of competition, the margin would have exhibited a more positive trend. However, the company is disappointed with the margins for the third consecutive quarter, "said Barclays Capital Research Bhuvnesh Singh and information.

Bharti Airtel net profit per share was Rs 2.67 in the third quarter, significantly lower than the 3.48 percent average estimate analysts Bloomberg.

R 370 stocks open on Wednesday at a discount of more than 2.3 percent the previous day's close. Feelings were bearish and the stock fell to capture intra-day low of Rs 352 on Bombay Stock Exchange, at which level it was 7.17 percent below the previous close. Declined for three consecutive days of BSE. Over the four-quarter calendar 2011, the company's finances is reflected in the greater weakness of Rs 4,581 crore behind Pat, a sharp 31 percent drop in Rs 6,668 crore

Calendar 2010th This is despite the total income of Rs 69,071 crore has increased by 28 percent and operating profit increased by 23 per cent of Rs 22,957 crore.

However, depreciation and amortization rose sharply in calendar 2011 and 44 percent of the interest cost of Rs 3,444 crore 1.35 times - the two main factors that fall into the PAT. Total revenue growth hit a disappointing year on year growth of 11 percent of the combined revenues of India and South Asia from April to December of Rs 29,800 crore. African operations saw a robust 57 percent year-on-year increase, but the income was only Rs 307 crore.

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