Communications
Bharti Airtel Ltd.
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Company Background
Bharti Airtel is India's largest cellphone carrier. It serves more than 200 million subscribers in the country. The company is expanding its business in Sri Lanka, Bangladesh and African countries as well.
Chairman Sunil Bharti Mittal founded the company. It started out as a manufacturer of bicycle parts in the 1970s and began making push-button phones in an alliance with Siemens in the 1980s. The company in 1995 became the first in India to offer a mobile phone service.
In the 2000s, Bharti Airtel forged a capital tie-up with Singapore Telecommunications, or Singtel, and boosted its operations by acquiring domestic phone companies. It stepped up its expansion abroad as it took over a telecommunications company in Bangladesh in 2010 and bought 15 African businesses from Kuwait's Zain group.
The Bharti group is overseen by Bharti Enterprises. The leading shareholder of Bharti Airtel is Bharti Telecom, which owns an interest of more than 40% in the company. Singtel, which has bought into Bharti Telecom and Bharti Airtel via group companies, owns a stake of about 30% in Bharti Airtel.
Business Summary
Bharti Airtel Ltd. engages in the provision of telecommunication, tower infrastructure, and direct-to-home digital television services. It operates through the following segments: Mobile Services India, Mobile Services South Asia, Mobile Services Africa, Airtel Business, Tower Infrastructure Services, Homes Services, Digital TV Services, and Others. The Mobile Services India segment covers voice and data telecom services provided through wireless technology in India. The Mobile Services South Asia segment covers operations in Sri Lanka and Bangladesh. The Mobile Services Africa handles the company's operations in Africa. The Airtel Business segment offers end-to-end telecom solutions being provided to large Indian and global corporations by serving as a single point of contact for all telecommunication needs across data and voice, network integration, and managed services. The Tower Infrastructure Services segment includes setting up, operating, and maintaining wireless communication towers in India. The Homes Services segment refers to services that cover voice and data communications through fixed-line network and broadband technology. The Digital TV Services segment consists of digital broadcasting services provided under the direct-to-home platform. The Others segment comprises of administrative and support services provided to other segments and also include Airtel payment bank operations. The company was founded by Sunil Bharti Mittal on July 7, 1995 and is headquartered in New Delhi, India.
Financial Highlights
| Mar 2020 | INR | USD |
| Revenue | 875,390M | 12,345.78M |
| Gross Profit | 182,781M | 2,577.79M |
| Operating income | 89,199M | 1,257.98M |
| Income before tax | -434,989M | -6,134.72M |
| Net income | -321,832M | -4,538.85M |
| EBITDA | 366,095M | 5,163.10M |
| Diluted EPS | -63.41 | -0.89 |
| Dividends Per Share | -- | -- |
| Total Assets | 3,607.79B | 47,689.75M |
| Total liabilities | 2,586.49B | 34,189.71M |
| Total equity | 771,448M | 10,197.42M |
| Operating cash flow | 76,042M | 1,072.43M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 965,321M | 954,683M | 826,388M | 807,802M | 875,390M |
| Gross Profit | 306,969M | 278,641M | 183,283M | 112,121M | 182,781M |
| Operating income | 166,577M | 157,270M | 108,470M | 46,548M | 89,199M |
| Income before tax | 117,797M | 77,233M | 22,061M | -20,874M | -434,989M |
| Net income | 60,767M | 37,998M | 10,990M | 4,095M | -321,832M |
| EBITDA | 341,075M | 355,000M | 300,901M | 260,023M | 366,095M |
| Diluted EPS | 13.95 | 8.73 | 2.52 | 0.94 | -63.41 |
| Dividends Per Share | 1.24 | 0.91 | 4.90 | 2.29 | -- |
| Total Assets | 2,298.40B | 2,402.07B | 2,594.74B | 2,842.29B | 3,607.79B |
| Total liabilities | 1,575.72B | 1,658.76B | 1,811.26B | 1,992.81B | 2,586.49B |
| Total equity | 667,693M | 674,563M | 695,344M | 714,222M | 771,448M |
| Operating cash flow | 250,312M | 298,190M | 270,536M | 137,995M | 76,042M |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 14,744.29M | 14,236.87M | 12,818.96M | 11,549.48M | 12,345.78M |
| Gross Profit | 4,688.63M | 4,155.28M | 2,843.09M | 1,603.04M | 2,577.79M |
| Operating income | 2,544.29M | 2,345.31M | 1,682.59M | 665.51M | 1,257.98M |
| Income before tax | 1,799.22M | 1,151.75M | 342.21M | -298.44M | -6,134.72M |
| Net income | 928.15M | 566.65M | 170.47M | 58.54M | -4,538.85M |
| EBITDA | 5,209.57M | 5,293.99M | 4,667.58M | 3,717.65M | 5,163.10M |
| Diluted EPS | 0.21 | 0.13 | 0.03 | 0.01 | -0.89 |
| Dividends Per Share | 0.01 | 0.01 | 0.07 | 0.03 | -- |
| Total Assets | 34,707.24M | 36,991.97M | 39,783.43M | 41,029.21M | 47,689.75M |
| Total liabilities | 23,794.43M | 25,544.94M | 27,770.82M | 28,766.78M | 34,189.71M |
| Total equity | 10,082.56M | 10,388.28M | 10,661.23M | 10,309.95M | 10,197.42M |
| Operating cash flow | 3,823.25M | 4,446.80M | 4,196.56M | 1,972.97M | 1,072.43M |
Valuation Measures
| Mar 2020 | |
| PER | -- |
| ROA | -9.97% |
| ROE | -43.32% |
| Operating margin | 10.18% |
| Profit margin | -36.76% |
Key executives
- CEO, Managing Director & Executive Director: Gopal Vittal
- Chief Operating Officer-India & South Asia Region: Ajai Puri
- Chief Financial Officer: Nakul Sehgal
- Global Chief Information Officer: Harmeen Mehta
- Chief Technical Officer & Network Director: Randeep Singh Sekhon
Shareholders
- Bharti Telecom Ltd. (38.7%)
- Singapore Telecommunications Ltd. (13.9%)
- Bharti Overseas Pvt Ltd. (6.0%)
- ICICI Prudential Asset Management Co. Ltd. (2.8%)
- Life Insurance Corp of India (2.7%)
- SBI Funds Management Pvt Ltd. (2.3%)
- The Vanguard Group, Inc. (1.2%)
- Aditya Birla Sun Life AMC Ltd. (1.0%)
- Capital Research & Management Co. (World Investors) (1.0%)
- ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.9%)
Contact Details
- Website:http://www.airtel.in
- Address: Bharti Crescent, 1, Nelson Mandela Road, New Delhi, 110070, India
- Phone: +91.11.46666100
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Competitors
- Orange SA
- Singapore Telecommunications Limited
- MTN Group Limited
- VEON Ltd.
- Sify Technologies Limited Sponsored ADR
- Vodafone Idea Ltd
- American Tower Corporation
- Dish TV India Limited
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Last Updated on 14 Jul, 2020