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Bharti Airtel Share Price Dips by 1% on December 16, 2024

Updated on: Dec 16, 2024, 3:20 PM IST
Bharti Airtel share price opened at ₹1,681.75 on December 16, 2024, and was trading at ₹1,664.45, down by 1.03%, with a day's low of ₹1,661.45.
Bharti Airtel Share Price Dips by 1% on December 16, 2024
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Bharti Airtel is gaining the spotlight on Monday. On December 16, 2024, Bharti Airtel share price opened at ₹1,681.75, the same as its previous close of ₹1,681.75. At 11:08 AM, the share price of Bharti Airtel was trading at ₹1,664.45, down by 1.03% on the NSE. The stock touched its day’s low so far at ₹1,661.45.

AI-Powered Spam Detection

Earlier this month, the company announced that its innovative AI-powered network has identified 8 billion spam calls and 0.8 billion spam SMSes in just two and a half months.

The network uses advanced algorithms to flag these suspicious activities, identifying approximately 1 million spammers daily. The company has successfully alerted over 252 million customers about potential spam, resulting in a 12% decrease in customers answering such calls. Interestingly, 35% of spam calls originated from landlines.

Q2 FY 2025 Financial Highlights 

In its financial results for Q2 FY 2025, Bharti Airtel posted a revenue of ₹41,473 crore, marking a 12% year-on-year increase and a 7.7% quarter-on-quarter rise. This growth was largely attributed to the company’s strong performance in India and consistent growth in its African operations. Bharti Airtel’s EBITDA for the quarter stood at ₹22,021 crore, with an impressive EBITDA margin of 53.1%.

About Bharti Airtel Limited

Airtel, headquartered in India, is a leading global communications provider, serving over 550 million customers across India and Africa. The company also operates in Bangladesh and Sri Lanka through affiliate entities. Ranking among the top three mobile operators worldwide, Airtel’s networks cover over two billion people.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

Published on: Dec 16, 2024, 1:00 PM IST

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