Bharti Airtel shares in green after Q1 net profit zooms 158%

The stock opened at ₹1,483.1 apiece on the National Stock Exchange (NSE), up 1.1% as against the last closing price.

However, the rise in Airtel's stock coincided with the overall strong start logged by the Indian frontline indices, following the bloodbath seen on Monday. The market opened in the green, with the NSE NIFTY50 up 1.15% and BSE SENSEX gaining 900 points.

Bharti Airtel Q1 results

In the quarterly earnings declared on Monday, Airtel reported a 157.9% jump in its consolidated profit to ₹4,159.9 crore in the first quarter ended on June 30, 2024. The company posted a profit of ₹1,612.5 crore in the same period a year ago.

The company's consolidated revenue from operations increased by 2.8% to ₹38,506.4 crore during the quarter under review, as compared to ₹37,440 crore in the year-ago period.

The mobile average revenue per user (ARPU) increased to ₹211 in Q1FY25, as against ₹200 in Q1FY24.

"The industry saw much needed action on tariff repair, which is positive for industry’s financial health amid ongoing large network capex. We continue to believe that industry needs over Rs 300 ARPU at the minimum for financial stability," Gopal Vittal, the company's managing director and CEO, said.