Bharti Airtel's Q3 financials show mixed results, with highest net sales but concerns over interest costs and profitability.

Bharti Airtel, a leading telecom provider in India, recently announced its financial results for the quarter ending December 2023. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Bharti Airtel has seen a flat performance in the quarter, with a score of -2 compared to 8 in the previous 3 months. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 37,899.50 crore, and the near-term sales trend is positive. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 19,814.80 crore, and the near-term trend is positive as well.

On the other hand, there are some areas of concern for Bharti Airtel. The interest cost for the quarter has increased by 28.14% compared to the previous quarter, indicating increased borrowings. The company's ability to manage interest payments has also deteriorated, with the operating profit to interest ratio being the lowest in the last five quarters. The profit before tax (PBT) has fallen by 19.7% compared to the average of the previous four quarters, and the trend for PBT is negative. The profit after tax (PAT) has also fallen by 13.1% compared to the average of the previous four quarters, and the trend for PAT is negative as well.

Additionally, the debtors turnover ratio for the half-yearly period is the lowest in the last five periods, indicating a slower pace of settling debts. The company's non-operating income for the quarter was the highest in the last five quarters, but this increase may not be sustainable.

Overall, Bharti Airtel's financial performance for the quarter ending December 2023 has been mixed, with some positive and negative aspects. Investors are advised to hold their stock and closely monitor the company's performance in the coming quarters.