Bharti Enterprises
Wal-Mart will open its first store in India by the end of 2008 under terms of a joint venture with Indian telecom giant Bharti Enterprises.
Bharti Airtel rings on good Q1 numbers
harti 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.
Meanwhile, the BSE Sensex was up 90.51 points, or 0.61%, to 15,032.79, as oil prices dropped sharply on Wednesday, 23 July 2008, after the US government data showed a big increase in US inventories of gasoline.
On BSE, 5.16 lakh shares were traded in the counter. The scrip had an average daily volume of 7.44 lakh shares in the past one quarter.
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 large-cap company had outperformed the market over the past one month till 23 July 2008, gaining 8.71% compared to the Sensex’s return of 5.92%. It had also outperformed the market in the past one quarter, declining 3.34% compared to Sensex’s decline of 10.64%.
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.
The company announced the results before trading hours today, 24 July 2008.
Meanwhile, the BSE Sensex was up 90.51 points, or 0.61%, to 15,032.79, as oil prices dropped sharply on Wednesday, 23 July 2008, after the US government data showed a big increase in US inventories of gasoline.
On BSE, 5.16 lakh shares were traded in the counter. The scrip had an average daily volume of 7.44 lakh shares in the past one quarter.
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 large-cap company had outperformed the market over the past one month till 23 July 2008, gaining 8.71% compared to the Sensex’s return of 5.92%. It had also outperformed the market in the past one quarter, declining 3.34% compared to Sensex’s decline of 10.64%.
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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