Bharti Airtel Shares Climb After Reporting 466% Surge In Yearly Net Profits
NDTV
Telecom firm Bharti Airtel's share price rose after the company announced an impressive 466 per cent surge in its net profit for the June quarter.
The share price of telecom firm Bharti Airtel rose on Wednesday after the company announced an impressive 466 per cent year-on-year surge in its net profit for the first quarter of the current financial year.
Bharti Airtel's share was trading 0.67 per cent higher at Rs 709.05 on the BSE at 9.48 am. The scrip started the day sharply higher at Rs 719 against its previous session's close at Rs 704.35.
However, the scrip pared the initial gains and fell to a low of Rs 706.
On Monday, Bharti Airtel announced that its consolidated net profit surged 466 per cent year-on-year to Rs 1,607 crore for the quarter ended June 30, 2022, helped by jump in revenue per user and increase in subscribers.
