Bharti Airtel shares soared over 5% after the company reported a more than five-fold jump in net profit for the quarter ended December 31, 2024. The strong performance was driven by the consolidation of Indus Tower business and tariff hikes.

(Reuters) -Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, helped by a one-time gain and as tariff hikes continued to boost its per-user revenue. The company's consolidated net profit rose to 147.

Net Sales at Rs 45,129.30 crore in December 2024 up 19.08% from Rs. 37,899.50 crore in December 2023. Quarterly Net Profit at Rs. 14,781.20 crore in December 2024 up 505.24% from Rs. 2,442.20 crore in December 2023.

Shares of Bharti Airtel on Friday morning surged over 5 per cent after the firm reported more than five-fold jump in consolidated net profit for the quarter ended December 31, 2024

Following the announcement of its Q3 results on February 6, Bharti Airtel’s share price saw an upward momentum in today’s trading session, surging over 4% in the early hours.

Bharti Airtel has posted a whopping 505% jump in its net profit for the quarter ending December 31, 2024. The telecom giant's net profit stood at ₹14,781 crore, up from ₹2,442 crore in the previous year. The massive growth, which topped market expectations, was attributed to a number of factors such as tariff hikes and a better subscriber mix.

Bharti Airtel's vice-chairman and MD Gopal Vittal says the industry needs “further tariff repair” to ensure sustained investments and long-term value creation.

Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, as last year's tariff hikes continued to uplift its per-user revenue and helped by a one-time gain.

Bharti Airtel on Thursday reported over five-fold jump in consolidated net profit to Rs 16,135 crore, boosted by consolidation of the Indus Tower business and benefits of tariff hikes. The company had posted a consolidated profit of Rs 2,