Whalesbook
So, Bharti Airtel ka FY26 ka pura picture dekhte hain. Full year mein consolidated revenue ₹2.1 lakh crore (exactly ₹210,972.80 crore) cross kar gaya, jo pichhle saal se 21.96% upar hai. But yeh revenue growth profits mein convert nahi ho payi. Consolidated profit 10% kam hokar ₹33,822.80 crore pe aa gaya, jabki FY25 mein yeh ₹37,481.30 crore tha.
Is profit girne ki sabse badi wajah hai ₹3,160.70 crore ka ek bada one-time charge jo regulatory aur government levies ke liye diya gaya. Is wajah se Q4 FY26 ka profit bhi gir gaya, jo tha ₹9,247.40 crore, jabki pichhle saal Q4 mein yeh ₹12,475.80 crore tha.
Standalone Indian operations ki baat karein toh yahan toh aur bhi pressure dikh raha hai. Full year ka standalone profit 41.5% tak gir gaya, bas ₹13,744.50 crore reh gaya.
Yeh Numbers Matter Kyun Karte Hain?
Revenue toh mast badh raha hai, par profit mein kami dikha rahi hai ki company par cost ka pressure hai, khaas kar regulatory side se. Indian operations mein profit margin kam hona thoda chinta ka vishay hai.
Company Ke Strategic Moves?
Bharti Airtel ne paise manage karne ke liye rights issue se ₹15,696.00 crore bhi raise kiye hain taaki capex kar sake aur debt kam kar sake. Aur haan, 5G network toh India bhar mein tezi se lag raha hai, taaki zyada se zyada customers ko target kar sake.
Investors Ke Liye Kya Hai?
Shareholders ko ₹24 per share ka dividend milne wala hai, jo company ki cash generation power dikhata hai. Overall, company ka debt profile behtar hua hai.
Risks Aur Future?
Sabse bada risk hai woh ₹3,160.70 crore ka regulatory charge. Agar aise charges aate rahe toh profit par impact padta rahega. Standalone profit margins ko maintain karna bhi ek challenge hoga.
Market mein Reliance Jio aur Vodafone Idea bhi hain. Airtel ki revenue growth toh achhi hai, par profit mein kami dekhi jaa rahi hai. Ab dekhte hain ki company kaise regulatory issues handle karti hai aur 5G expansion se kaise fayda uthati hai.