Bharti Airtel Q1 Results Live : profit rise by 157.98% YOY
Bharti Airtel Q1 Results Live : Revenue increased by 2.85% YoY & profit increased by 157.98% YoY
Bharti Airtel Q1 Results Live : Bharti Airtel announced their Q1 results on 05 Aug, 2024, showcasing a 2.85% increase in revenue and a significant 157.98% rise in profit year-over-year.
Quarterly comparison reveals a 2.41% growth in revenue and a notable 100.81% increase in profit as compared to the previous quarter.
The company experienced a substantial 19.18% increase in Selling, general & administrative expenses sequentially, along with a 23.27% rise year-over-year.
Operating income also saw a significant uptick of 44.9% quarter-over-quarter and an impressive 51.68% year-over-year.
Despite the positive financial results, the Earnings Per Share (EPS) for Q1 stood at ₹6.01, reflecting a 21.27% decrease year-over-year.
Market performance metrics indicate a -1.82% return in the last week, while the stock has delivered strong returns of 27.29% in the last 6 months and 39.85% year-to-date.
Currently, Bharti Airtel holds a market capitalization of ₹862315.5 Cr with a 52-week high/low of ₹1536.25 & ₹847.05 respectively.
Analyst ratings as of 07 Aug, 2024, show a positive sentiment towards the company, with 1 Sell rating, 7 Hold ratings, 11 Buy ratings, and 9 Strong Buy ratings out of 28 analysts covering the stock.
The consensus recommendation as of 07 Aug, 2024, leans towards a Buy rating, reflecting confidence in Bharti Airtel's performance.
Bharti Airtel Financials
| Period | Q1 | Q4 | Q-o-Q Growth | Q1 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 38506.4 | 37599.1 | +2.41% | 37440 | +2.85% |
| Selling/ General/ Admin Expenses Total | 4088.5 | 3430.6 | +19.18% | 3316.8 | +23.27% |
| Depreciation/ Amortization | 10540.1 | 10075.2 | +4.61% | 9653.8 | +9.18% |
| Total Operating Expense | 28603.9 | 30765 | -7.02% | 30911.6 | -7.47% |
| Operating Income | 9902.5 | 6834.1 | +44.9% | 6528.4 | +51.68% |
| Net Income Before Taxes | 6025.3 | 2778 | +116.89% | 1852.9 | +225.18% |
| Net Income | 4159.9 | 2071.6 | +100.81% | 1612.5 | +157.98% |
| Diluted Normalized EPS | 6.01 | 6.61 | -8.98% | 7.64 | -21.27% |
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