Bharti Airtel Q1 Results: Strong Profits and Growth in Key Sectors

For the first quarter ending June 30, 2024, Bharti Airtel reported strong financial performance. The company's revenue from its core operations was ₹385,064 million, which means they earned this amount from their main business activities. They also made an extra ₹3,635 million from other sources, bringing their total revenue to ₹388,699 million.

The company had various expenses totaling ₹187,988 million. These include costs for running the network, access charges, license fees, employee salaries, and marketing. After subtracting these costs from their total revenue, they had a profit of ₹105,401 million before accounting for depreciation, amortization, and interest costs.

Their profit before tax was ₹60,253 million. After accounting for taxes and other adjustments, their final profit for the quarter was ₹47,175 million.

The earnings per share, which shows how much profit each share earns, were ₹7.21 for basic shares and ₹6.98 for diluted shares.

Source: Here

Bharti Airtel Q1 Results

The company reported good results in its homes and business sectors, with increased revenue and new customer additions.

Q1 Results in Table Format:

Bharti Airtel's homes and business sectors performed well, with more revenue and new customers. This indicates that the company is growing and expanding its reach.

Bharti Airtel 

Bharti Airtel is a big Indian company that provides telecommunications services. It was started by Sunil Mittal on July 7, 1995, and is based in New Delhi, India. Airtel operates in 18 countries, including South Asia and Africa, and also serves the Channel Islands.

It is one of the largest mobile network operators in the world and the second-largest in India. The company offers various services such as mobile phones, broadband internet, digital and satellite TV, and a payments bank.

Airtel is known for its smart business strategies. Instead of doing everything itself, Airtel focuses on marketing, sales, and finance and lets other companies handle the rest. This helps Airtel keep costs low and reach more customers.

For example, companies like Ericsson, Huawei, and Nokia Networks provide and maintain Airtel's equipment, while Amdocs takes care of IT support.