Bharti

#2
Bharti Tele Q1 net profit at Rs296.12cr

The consolidated result of Bharti Tele is as follows (as per IFRS)

The group has posted a net profit of Rs 296.12 crore for the quarter ended June 30, 2004 as compared to net profit of Rs 31.04 crore for the quarter ended June 30, 2003. Total revenue has increased from Rs 1036.05 crore in the JQ-03 to Rs 1704.66 crore in the quarter ended June 30, 2004.

Bharti Tele Ventures Ltd has posted a net loss of Rs 26.19 crore for the quarter ended June 30, 2004 as compared to net profit of Rs 0.07 crore for the quarter ended June 30, 2003. Total revenue has increased from Rs 8.53 crore in the JQ-03 to Rs 9.43 crore in the quarter ended June 30, 2004.

Commenting on the results and performance for the quarter, Sunil Bharti Mittal, Chairman & Group Managing Director, Bharti Tele-Ventures said, "BTVL's strong performance during the first quarter of 2004-05 has once again demonstrated its ability to maximize the full benefits of scale & size. We are now getting ready for our next leap, when we roll out our telecom services in the new circles, thus moving closer to our goal of being the most preferred provider of telecom services to our customers nationally."
 

sudoku1

Well-Known Member
#4
was a major nifty puller 2day while RCOM slashes tariffs to 50p across categories.;)
 

Class

Active Member
#5
Do you know why?

Collapse of the MTN deal was seen as positive price wise. Last couple of days of last week were, so why the big drop today? 3G delay? Possibility that MTN deal may be on again? Operators manipulation to present entry point for corporate investors?

Regards,
 

magnet

Active Member
#6
Yup path being made for FII to invest...negative news and all and u will see huge buy soon u never know...ill buy some for 450 target
 

rajeshn2007

Well-Known Member
#7
per-second billing announcement by TRAI, is pulling down the telecom stocks.
sure, this move will bring down profit margins of these companies.
(bharti down on higher volumes)
 

Class

Active Member
#9
Right now it is at 357. Management have attempted to lessen the bad news by claiming they will get a further 100 million customers in the next 3 years and that they will not rush to follow their competitors pricing. Hasn't done much to move the price. They are a big company and it is reasonable to think that in time the price will begin to recover, but perhaps not soon enough to cover your Option.

You could wait until the end of the week to see if there is some special news to move the price, but it is unlikely to jump up significantly.

Sorry it's not good news.
All the best,
 
#10
Q2 results are on 27 Oct, hope there will be some good news, also any clue if the news of 3G auction can re-vitalize this scrip.
 

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