Overview: Bharti Airtel Limited is a leading global telecommunications company with operations in 18 countries across Asia and Africa. Headquartered in New Delhi, India, Bharti Airtel ranks amongst the top 3 mobile service providers globally in terms of subscribers.
About the company: Bharti Tele-Ventures was incorporated on July 7, 1995 for promoting telecommunications services and during 1995-96, the company launched mobile services under the brand name ‘Airtel’ for the first time in Delhi and Himachal Pradesh. In 2006, the company changed its name from Bharti Tele-Ventures Ltd. to Bharti Airtel Ltd. Bharti Airtel’s product offerings (in India) include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high speed home broadband, DTH, enterprise services including national & international long-distance services to carriers. In the rest of the geographies, the company offers 2G, 3G, 4G wireless services and mobile commerce. Bharti Airtel had over 403 million customers across its operations at the end of March 2019.
Bharti Airtel added 1.29 crore 4G customers during the quarter (October-December, 2020)to take its total 4Gcustomer base to 16.56 crore. The company’s overall customer base stood at 45.8 crore
across 16 countries.
Management: Mr. Gopal Vittal is the Managing Director & CEO of Airtel (India & South Asia).
Foreign Institutions: 17.75%
N Banks Mutual Funds: 13.95%
General Public: 1.98%
Financial Institutions: 7.83%
Foreign Promoter: 20.19%
Dividend: Bharti Airtel has declared an equity dividend of 40.00% amounting to Rs 2 per share for the year ending March 2020.
Sales Report: For the October-December (2020) quarter, the Bharti Airtel has reported a Consolidated Total Income of Rs 26,567.00 Crore, which was up 2.44 % from last quarter Total Income of Rs 25,933.90 Crore and up 20.64 % from previous year, corresponding period’s Total Income of Rs 22,021.60 Crore. The company reported a consolidated net profit of Rs 853.6 crore for the same quarter.
|Stock Name : Bharti Airtel LTD||Buy : 515||Posted Date : April 4, 2021|
|Stopless : 490||Target : 570|
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