Bharti Airtel Q1 Results Live : profit rise 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.