{"id":1284081,"date":"2024-08-06T11:31:42","date_gmt":"2024-08-06T06:01:42","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1284081"},"modified":"2024-08-06T11:32:03","modified_gmt":"2024-08-06T06:02:03","slug":"bharti-airtel-profits-increase-by-158-at-rs-4159-crore-after-price-hike","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/bharti-airtel-profits-increase-by-158-at-rs-4159-crore-after-price-hike\/","title":{"rendered":"Bharti Airtel Profits Increase By 158% At Rs 4159 Crore, After Price Hike"},"content":{"rendered":"\n

Shares of telecom giant Bharti Airtel experienced a notable increase on Tuesday, August 6, 2024, following the company’s announcement of a significant jump in net profit for the first quarter of the financial year 2024-25. This performance has sparked positive sentiment among investors, propelling the stock into the green.<\/p>\n\n\n\n

\"Bharti<\/figure>\n\n\n\n

Stock Performance<\/strong><\/p>\n\n\n\n

At the start of trading on the National Stock Exchange (NSE), Bharti Airtel’s shares opened at \u20b91,483.1 per share<\/a>, marking a 1.1% increase from the previous closing price. Shortly after, the stock slightly adjusted to \u20b91,480.25 per share at 9:37 am, still maintaining a 0.99% rise compared to the last session’s close.<\/p>\n\n\n\n

Market Context<\/strong><\/p>\n\n\n\n

The rise in Airtel’s stock coincided with a strong opening in the broader Indian markets. The NSE NIFTY50 index surged by 1.15%, while the BSE SENSEX saw a significant gain of 900 points. This upward movement followed a sharp decline on Monday, indicating a rebound in market sentiment.<\/p>\n\n\n\n

Q1 Financial Results<\/strong><\/p>\n\n\n\n

In its quarterly earnings report released on Monday, Bharti Airtel reported a remarkable 157.9% increase in consolidated net profit, reaching \u20b94,159.9 crore for the quarter ending June 30, 2024. This is a substantial jump from the \u20b91,612.5 crore profit recorded in the same period the previous year.<\/p>\n\n\n\n

The company’s consolidated revenue from operations also saw a 2.8% increase, amounting to \u20b938,506.4 crore compared to \u20b937,440 crore in the year-ago quarter. Additionally, the mobile average revenue per user (ARPU) rose to \u20b9211 in Q1FY25 from \u20b9200 in Q1FY24.<\/p>\n\n\n\n

CEO’s Statement<\/strong><\/p>\n\n\n\n

Gopal Vittal, Bharti Airtel’s Managing Director and CEO, commented on the results, highlighting the positive impact of tariff adjustments on the industry. “The industry saw much-needed action on tariff repair, which is positive for the industry\u2019s financial health amid ongoing large network capex. We continue to believe that the industry needs over Rs 300 ARPU at the minimum for financial stability,” Vittal stated.<\/p>\n\n\n\n

Conclusion<\/strong><\/p>\n\n\n\n

Bharti Airtel’s strong Q1 performance has not only boosted its stock but also instilled confidence among investors regarding the company’s growth trajectory. With a positive market backdrop and strategic tariff adjustments, Airtel appears well-positioned for continued financial health and stability.<\/p>\n\n\n\n

4o<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of telecom giant Bharti Airtel experienced a notable increase on Tuesday, August 6, 2024, following the company’s announcement of a significant jump in net profit for the first quarter of the financial year 2024-25. This performance has sparked positive sentiment among investors, propelling the stock into the green. Stock Performance At the start of […]<\/p>\n","protected":false},"author":30,"featured_media":1284096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[296,5807],"class_list":["post-1284081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-airtel","tag-stock-price"],"acf":[],"yoast_head":"\nBharti Airtel Profits Increase By 158% At Rs 4159 Crore, After Price Hike - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/bharti-airtel-profits-increase-by-158-at-rs-4159-crore-after-price-hike\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bharti Airtel Profits Increase By 158% At Rs 4159 Crore, After Price Hike - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Shares of telecom giant Bharti Airtel experienced a notable increase on Tuesday, August 6, 2024, following the company’s announcement of a significant jump in net profit for the first quarter of the financial year 2024-25. 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