Tariff hikes are working wonders for Airtel Profit surges 505%
Bharti Airtel on February 6 reported 505% jump in net profit at Rs 14,781 crore for the quarter ended December 31, 2024, thus beating estimates. It reported net profit of Rs 2,442 crore in the year-ago period.
The firm's revenue rose 19% to Rs 45,129 crore in Q3FY25 as against Rs 37,900 in Q3FY24.
A Moneycontrol poll of seven brokerage firms had estimated Bharti Airtel's consolidated net profit to double year-on-year to Rs 5,039 crore, with revenue expected to rise nearly 16 percent to Rs 43,874 crore. A poll of six brokerages had projected the company's EBITDA margin at 54 percent.