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Bharti Airtel Q1 Results: Strong Profits and Growth in Key Sectors
Bharti Airtel earned a total of ₹388,699 million, for the first quarter of 2024. They had a final profit of ₹47,175 million after expenses and taxes. The company's performance was strong, with growth in its homes and business sectors.
by Ruksana
Updated Aug 06, 2024
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Table of Content
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:
|
Particulars |
June 30, 2024 |
|
Revenue from Operations |
₹385,064 million |
|
Other Income |
₹3,635 million |
|
Total Revenue |
₹388,699 million |
|
Expenses |
₹187,988 million |
|
Profit Before Depreciation & Amortization |
₹105,401 million |
|
Profit Before Tax |
₹60,253 million |
|
Profit for the Quarter |
₹47,175 million |
|
Earnings Per Share (Basic) |
₹7.21 |
|
Earnings Per Share (Diluted) |
₹6.98 |
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.
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