About the Company:
Bharti Enterprises Limited is an Indian Multi-National Company, whose headquartered situated in New Delhi, India. It was founded by Sunil Bharti Mittal in 1976 and currently it operates in 18 countries across Asia and Africa. Bharti Enterprises owns businesses spanning across telecommunications, agri businesses, financial services and manufacturing. Bharti Infratel is one them and is the largest telecom tower infrastructure providers, that deploys, owns and manages telecom towers and communication structure for all wireless operators. In India, it owns over 38,500 towers across 11 circles. It plans to spend ₹1,086 crore to set up 4,813 new towers. Infratel also has a 42% stake in Indus towers.
QoQ & YoY Performance:
India’s one of the leading Telecom Services Company has declared the results for the fourth quarter of fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company recorded to Rs.16821 crores, up by 0.89% in the March quarter of FY20. Total expenditure (excluding interest and depreciation expenses) are Rs.8175 crores, is increased by 2.06%. EBITDA number surged by 2.23%.
- YoY Performance: The Company has reported a 0.38% increase in sales/revenue while expenditure (excluding interest and depreciation expenses) of the company have dropped by 6.87%.
- Profitability of the company: Net loss of the company landed to Rs.6495 crores, declined by 18.68% QoQ and surged by 6.90% YoY.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs.152.10 per share down by 8.46%, the quarterly profit missed the estimates one, on the back of other higher expenses due to non-payments by telecom operators. So due to bad results ; we will suggest you to avoid the stock.