Bharti Airtel Ltd.'s shares rose over 3% on the National Stock Exchange of India (NSE) on February 7, 2025, trading at ₹1,678.15 after closing at ₹1,619.75 in the previous session. The surge followed the company's announcement of a 505% year-on-year (YoY) jump in net profit for the third quarter, driven by a one-time gain and robust growth in average revenue per user (ARPU). (Source: Economic Times, February 7, 2025)
Gopal Vittal, Vice-Chairman and MD of Bharti Airtel, attributed the strong quarterly performance to growth in both India and Africa markets, coupled with effective cost management and strategic capital allocation. Vittal also emphasized the need for further tariff corrections to support long-term investments in the telecom sector. (Source: Economic Times, February 7, 2025)
The company's robust performance reflects a positive trend in the Indian telecom sector, indicating strong demand and growth potential. The surge in Airtel's share price suggests investor confidence in the company's future prospects. (Source: Economic Times, February 7, 2025)