Bharti Airtel trades firm, up 1% post March quarter results

Shares of Bharti Airtel were trading firm, up 1 per cent at Rs 797.40 on the BSE in Wednesday’s intra-day trade after the telecom services provider reported a 14.3 per cent rise in its revenue for the quarter that ended March 31 (Q4FY23), to Rs 36,009 crore from Rs 31,500 crore in the same quarter in 2021-22 (Q4FY22). Its India business reported a 12.2 per cent YoY rise in the revenue to Rs 25,250 crore.

The company reported a 49.2 per cent year-on-year (YoY) jump in its consolidated net profit to Rs 3,005.6 crore.

Reported consolidated earnings before interest, taxes, depreciation and amortization (ebitda) grew 17.6 per cent YoY to Rs 18,807 crore; Ebitda margin improved 144 bps YoY at 52.2 per cent aided by broadband and enterprise margins improvement.