Feb 02, 2013, 12.28 PM IST | Source: Reuters

Bharti Airtel hopes to issue bonds upto $1bn in FY13: Exec

Bharti Airtel Ltd , India's top mobile network operator, hopes to issue dollar bonds of up to USD 1 billion in the current fiscal year that ends in March, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.

Bharti Airtel hopes to issue bonds upto $1bn in FY13: Exec

Bharti Airtel Ltd , India's top mobile network operator, hopes to issue dollar bonds of up to USD 1 billion in the current fiscal year that ends in March, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.

Bharti Enterprises is the parent of Bharti Airtel which on Friday reported a fall in net profit for the twelfth consecutive quarter, missing estimates by a wide margin.

Bharti Airtel, controlled by billionaire Sunil Mittal, said consolidated net profit fell to Rs 284 crore in the fiscal third quarter that ended December 31, from Rs 1011 crore a year earlier.

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Bharti Airtel stock price

On April 17, 2014, Bharti Airtel closed at Rs 325.10, up Rs 1.80, or 0.56 percent. The 52-week high of the share was Rs 373.50 and the 52-week low was Rs 274.50.


The company's trailing 12-month (TTM) EPS was at Rs 14.07 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 23.11. The latest book value of the company is Rs 135.70 per share. At current value, the price-to-book value of the company is 2.40.

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