CapitalMarket.com - Bharti Airtel braces up for results
Hot Pursuit Friday, January 19, 2007 15:01 Hrs IST

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Bharti Airtel braces up for results

Bharti Airtel gained 1.1% to Rs 680.25, extending its pre-results' rally.

The stock also hit an all-time high of Rs 686. As many as 99,495 shares changed hands in the counter on BSE.

The stock has witnessed a pre-results' surge. From a low of Rs 613.10 on 10 January 2007, it has gained 10.9% to current Rs 680.25.

Bharti Airtel (BAL) releases Q3 results on 23 January 2007. Four prominent brokerages expect 87.6 - 99.2% growth in BAL’s consolidated net profit as per US GAAP, between Rs 1022.80 crore and Rs 1086.30 crore, from Rs 545.30 core in Q3 December 2005.

Topline will drive bottomline growth on the back of strong new subsciptions during the quarter. All the four expect 59.5 - 66.1% growth in BAL’s consolidated US GAAP revenue, between Rs 4824.60 crore and Rs 5026.60 crore, from Rs 3025.60 crore in Q3 December 2005.

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