(updated - 08 Feb 2012)
Stock Updates
Bharti Airtel Q3 net profit down 1.5% q-o-q at Rs 1,011 cr
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Telecom major, Bharti Airtel has reported a 1.5% fall in consolidated profit of Rs 1,011 crore in the October-December quarter of FY12, as compared to Rs 1,027 crore in previous quarter. On a y-o-y basis, net profit fell 22% as the company was hit by higher interest costs and losses on currency fluctuations.
Total revenues for the third quarter rose 7% to Rs 18,477 crore from Rs 17,269.8 crore quarter-on-quarter.
Consolidated EBITDA margins for the quarter increased to 32%, with significant margin improvement reported in Africa. The consolidated total revenues for the third quarter ended December 31, 2011 of Rs 18,477 crore, up 17% over the last year. India and South Asia continues its double digit revenue growth aided by improvement in realisation rates.
The company announced that it had a net debt of Rs 67,763 crore at end-December.
Bharti Airtel stock is trading at Rs 359, down 5% from its previous close in morning trades.
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