Company shares closed with a big decline on Thursday
Q3 Results: Bharti Airtel, the country’s second largest telecom company, released its financial results on Thursday. Airtel said in the information given to the stock market that his net profit increased by about 6 times in the third quarter of FY 2024-25 to Rs 14,760.7 crore. The company’s profit in the third quarter of the last financial year was Rs 2530.2 crore. These benefits are due to the integration and fee increase of the Indus Tower Business. Let us tell you that in the third quarter of the last financial year, the company had a net profit of Rs 2876.4 crore.
Operational income increased by 19.1 percent
Bharti Airtel reported that the company’s operational income increased by 19.1 percent to Rs 45,129.3 crore in the third quarter of the current financial year, which was Rs 37,899.5 crore in the same quarter of the previous financial year. Airtel said in its statement that this increase was due to strong growth in India, continuous currency growth in Africa and integration of Indus Tower.
24.6 percent increase in Indian business
Bharti Airtel said that in the October-December quarter of FY 2024-25, its Indian business increased by 24.6 percent on an annual basis and it increased to Rs 34,654 crore. The company said that it increased its mobile services fees and showed its positive impact in the December quarter. Integration of Indus Tower has also caused advantage for Airtel.
Company shares closed with a big fall on Thursday
However, on Thursday, Airtel shares closed down with a major decline. Yesterday, the company’s shares on BSE fell by Rs 41.05 (2.47%) at a price of Rs 1619.55. However, today the company’s shares can see a good rise. Let us tell you that the price of Airtel shares is very close to 52 weeks high. The company’s shares have 52 weeks high 1778.95 and 52 weeks are Rs 1098.00. According to BSE data, Bharti Airtel’s current market cap is Rs 9,23,007.72 crore.
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