A good day for the telecom giant Airtel, stock up 1.5%

A good day for the telecom giant Airtel, stock up 1.5%

by 5paisa Research Team Last Updated: Dec 13, 2022 - 04:28 pm 37.9k Views
Listen icon

Encouraging Q3 numbers and tariff hike expectations drive the rally.

The telecom operator of India- Bharti Airtel, is in the buzz for its quarterly results that have been encouraging the upside in the stock today. Also, the management expects yet another tariff hike soon which has also driven the performance of Q3. The stock has ended up in green territory, inching 1.52% up to Rs 719.60 on the BSE.

In Q3FY22, revenue grew by 12.63% YoY to Rs 29866.6 crore from Rs 26517.8 crore in Q3FY21. The company has witnessed strong business momentum with the rising 4G customers to reach 19.55 crore. On a sequential basis, the top-line was up by 5.44%. PBIDT (Ex OI) was reported at Rs 14702.8 crore, up by 21.98% as compared to the year-ago period and the corresponding margin was reported at 49.23%, expanding by 378 basis points YoY. PAT was reported at Rs 1034.6 crore, up by 112.56% from Rs -8239.4 crore in the same quarter for the previous fiscal year. The PAT margin stood at 3.46% in Q3FY22 expanding from -31.07% in Q3FY21.

According to its press release, Google is entering into a partnership with Airtel as part of its Google for India Digitization Fund, by making an investment of nearly Rs 75 billion. It has also formed a joint venture with Hughes to become the largest satellite service operator in India.

Bharti Airtel Limited is a leading global telecommunications company with operations in many countries across Asia and Africa. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, DTH, etc. It has a 52-week high of Rs 781.90 and a 52-week low of Rs 490.36.


Also read: Multibagger Alert: This small-cap sugar company has surged 268% in the past year!

Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Vodafone Idea FPO Debuts on Bourses with 25% Premium

Vodafone FPO lists at 25% premium to issue price

ITC Hotels Demerger: Shareholder Meeting Set for June 6 to Approve Scheme

ITC share price are in focus after the FMCG giant said a meeting of the ordinary shareholders of the company would be convened on Thursday, June 6th, 2024, at 10.30 a.m.

Kotak Bank Share Price Dive 10%: Analysts Cut Ratings and Targets

Kotak Mahindra Bank share price plummeted 10% on April 25 to ₹1,658.75 apiece on the BSE, a day after the Reserve Bank of India (RBI) halted the private sector lender from on-boarding new clients through online channels and issuing