Bharti Airtel gains on reporting 10% rise in Q3 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Bharti Airtel is currently trading at Rs. 1125.00, up by 11.25 points or 1.01% from its previous closing of Rs. 1113.75 on the BSE.
The scrip opened at Rs. 1125.00 and has touched a high and low of Rs. 1125.00 and Rs. 1125.00 respectively. So far 1953 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1200.95 on 25-Jan-2024 and a 52 week low of Rs. 736.20 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1175.10 and Rs. 1110.40 respectively. The current market cap of the company is Rs. 670598.37 crore.
The promoters holding in the company stood at 54.57%, while Institutions and Non-Institutions held 42.30% and 3.13% respectively.
Bharti Airtel has reported net profit at Rs 1414.40 crore for the third quarter ended December 31, 2023 as compared to net loss of Rs 3222.30 crore for the same quarter in the previous year. Total income of the company increased by 10.39% at Rs 24224.30 crore for Q3FY24 as compared Rs 21945.10 crore for corresponding quarter of the previous year.
On consolidated basis, the company reported 10.05% rise in its net profit at Rs 2876.40 crore for Q3FY24 as compared to Rs 2613.70 crore for the same quarter in the previous year. Total income of the company increased by 6.31% at Rs 38339.30 crore for Q3FY24 as compared Rs 36062.00 crore for corresponding quarter of the previous year.
