Bharti Airtel Share Price Rose Over 4%: Touched Day High of ₹1,679

On Friday, December 13, 2024, Bharti Airtel’s share price surged over 4%, reaching a day high of ₹1,679.80 at 12:25 PM. Over the past year, Bharti Airtel’s shares have delivered a robust return of approximately 65.46%, with a 16.08% gain in the last 6 months.

Bharti Airtel Business Updates

• Bharti Airtel, India’s first spam-fighting network, has successfully flagged a remarkable 8 billion spam calls and 0.8 billion spam SMS messages within just two and a half months of launching its AI-powered spam protection solution.
• The company has awarded a multi-year, multi-billion-dollar extension deal to Ericsson for 4G and 5G RAN products and solutions. Under the new contract, Ericsson will deploy centralized RAN and Open RAN-ready solutions, facilitating network transformation and enhancing coverage and capacity for Airtel’s customers.

Bharti Airtel Q2 FY25 Results

Bharti Airtel reported a 167% surge in net profit for Q2 FY25, rising to ₹3,593 crore from ₹1,341 crore a year earlier. This growth was driven by strong performances in both its India and Africa businesses. Revenue from operations for the July-September quarter increased by 12% year-on-year, reaching ₹41,473 crore.

In India, Airtel’s revenue grew 16.9% year-on-year to ₹31,561 crore, propelled by an 18.5% increase in mobile services revenue. This was fueled by tariff hikes and increased smartphone penetration. The Average Revenue Per User (ARPU) for its India mobile segment rose to ₹233, up from ₹203 a year ago.

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.