Bharti Airtel shares jump nearly 13 pc as company logs highest-ever quarterly revenues

Shares of Bharti Airtel jumped nearly 13 per cent on Wednesday after the company reported its highest-ever quarterly consolidated revenue on the back of a rise in data usage and higher realisations.

The stock gained 12.65 per cent to Rs 487.80 on the BSE.

On the NSE, it zoomed 12.61 per cent to Rs 488.

The country’s second largest telecom operator, on Tuesday reported its highest-ever quarterly consolidated revenue on the back of a rise in data usage and higher realisations, helping it narrow losses in the July-September period.

Consolidated revenue rose 22 per cent to Rs 25,785 crore in the September quarter while net loss narrowed to Rs 763 crore.