Bharti Airtel Reported Over 20% Rise in Q4 Consolidated Net Profit!

Bharti Airtel has reported results for the fourth quarter (Q4) and the year ended March 31, 2023. On a consolidated basis, the company has reported a rise in net profit at Rs 3,625 crore in Q4, up by 21.56% as compared to Rs 2,982.10 crore sequentially and YoY increased by 20.78%. The PBIDT excluding operating income increased by 16.56% to Rs 18,697.10 crore in Q4 as compared to Rs 16,040.30 in the same quarter last year and sequentially stood flat.   

Net sales of the company increased by 14.31% at Rs 36,009 crore for Q4FY23 as compared to Rs 31,500.30 crore for the corresponding quarter previous year and sequentially stood flat. Board has considered and recommended a final dividend of Rs 4 per fully paid-up equity share of a face value of Rs 5 each.  

Bharti Airtel Limited is domiciled and incorporated in India as a public limited company with its shares being listed on the National Stock Exchange and the BSE. The Company is principally engaged in the provision of telecommunication services in India. The company provides telecom services under wireless and fixed line technology, national and international long-distance connectivity and Digital TV; and complete integrated telecom solutions to enterprise customers.   

Bharti Airtel is a well-positioned company for future growth. The company is expanding its operations in Africa and is investing in new technologies, such as 5G and also expanding its product portfolio to include new services, such as cloud computing and Internet of Things (IoT).  

Today, the shares of Bharti Airtel Ltd opened at Rs 787.85 and has touched a high and low of Rs 797.50 and Rs 787.50, respectively. So far 82,728 shares have been traded on the bourses.       

At the time of writing, the shares of Bharti Airtel Ltd were trading at Rs 790.05, an increase of 0.26% from the previous day’s closing price of Rs 787.85 on BSE. The stock has a 52-week high and low of Rs 877.10 and Rs 629.05 respectively on BSE.