Bharti Airtel Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 294372.66 Crore) operating in Telecommunications sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 25831.20 Crore, down -2.77 % from last quarter Total Income of Rs 26567.00 Crore and up 8.43 % from last year same quarter Total Income of Rs 23822.10 Crore. Company reported net profit after tax of Rs 983.60 Crore in latest quarter.
Investment Rationale
Bharti’s consistent and commendable rise in 4G subscribers/ARPU/India mobile EBITDA of 32%/7%/32% over the last four quarters, translating to better FCF, should continue. It expects 17%/21% consolidated/India mobile EBITDA CAGR over FY21-23E, without factoring a tariff hike.
Promoter/FII Holdings
Promoters held 55.9 per cent stake in the company as of March 31, 2021, while FIIs held 18.6 per cent, DIIs 20.4 per cent and public and others 5.2 per cent.
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