Bharti Airtel share price hits 52-week high despite Rs 5\,237-crore loss in Q4; here\'s why

Bharti Airtel share price hits 52-week high despite Rs 5,237-crore loss in Q4; here's why

Share price of Bharti Airtel hit a fresh 52-week high of Rs 594.55 rising 10.48% compared to the previous close of Rs 538.15 on BSE

Aseem Thapliyal        Last Updated: May 19, 2020  | 14:35 IST
Bharti Airtel share has risen 79% during last one year and gained 30% since the beginning of this year.

Bharti Airtel share was the top gainer on Sensex and Nifty today despite the telco reporting Rs 5,237-crore loss for January-March quarter. Share price of Bharti Airtel hit a fresh 52-week high of Rs 594.55 rising 10.48% compared to the previous close of Rs 538.15 on BSE. On Nifty, Bharti Airtel share price too touched 52-week high of Rs 594.65, gaining over 10% compared to the previous close of Rs 538.05. The large cap stock opened with a gain of 3.87% at Rs 559 on BSE.

Bharti Airtel stock is trading higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages.

Bharti Airtel posts net loss of Rs 32,183 crore in FY20; revenue up 8%

Bharti Airtel share has risen 79% during last one year and gained 30% since the beginning of this year.

Bharti Airtel reported a consolidated loss of Rs 5,237 crore for the January-March quarter of 2019-20 fiscal mainly on account of provisions for statutory dues.

The telecom firm took into account regulatory costs of Rs 7,004 crore related to the spectrum charges which resulted in a higher-than-expected loss. The company had posted a profit of Rs 107.2 crore in the same period a year ago. Here's a look at why Airtel stock has risen today despite Rs 5,237 crore loss in Q4.

Airtel Africa's profit dips 4% to $408 million in FY20, revenue up 11%

  • Average revenue per user (ARPU) rose to the highest in three years. In Q4, ARPU stood at Rs 154 compared to Rs 135 in the previous quarter. On an year on year basis, ARPU grew 25%.
  • The firm logged a 8.1 percent sequential rise in revenue growth to Rs 23,723 crore. This was Airtel's highest revenue growth in nearly 30 quarters. Revenue rose due to tariff hikes in December.
  • Operating profit grew 10.1 percent to Rs 10,202 crore.
  • Margins expanded 80 basis points to 43 percent.
  • Bharti Airtel said it had seen an increase in data traffic during the COVID-19 pandemic, which prompted government to impose a strict lockdown since late March.
  • The quarter saw more than 1 crore new 4G subscriber additions.

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