Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 288735.37 Crore) operating in Telecommunications sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 26567.00 Crore, up 2.44 % from last quarter Total Income of Rs 25933.90 Crore and up 20.64 % from last year same quarter Total Income of Rs 22021.60 Crore. Company reported net profit after tax of Rs 1570.70 Crore in latest quarter.
Investment Rationale
The brokerage values BHARTI on an SOTP basis. It assigns 10x EV/EBITDA to the India business and 6x to the Africa business in FY23E to reach INR720/share. Its higher multiple captures the opportunity for an EBITDA increase from a potential price hike or market share gains.
Promoter/FII Holdings
Promoters held 56.2 per cent stake in the company as of Dec 30, 2020, while FIIs held 17.8 per cent, DIIs 12.8 per cent and public and others 4.2 per cent.
