Bharti Airtel stock rose 2% on Tuesday; S&P Global Ratings forecast the Airtel's India operations' reported EBITDA will triple in fiscal 2026, compared with a decade ago.
Bharti Airtel Q1 results: Prominent brokerage firms like Nuvama, Prabhudas Lilladher, Kotak Institutional Equities and JM Financial expect the telco to deliver healthy June quarter earnings.
A combined market-cap of Bharti Airtel (₹11.43 trillion) and Bharti Airtel's partly paid shares (₹59,994 crore) touched at ₹12 trillion in intra-day trade, the BSE data shows.
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The company's consolidated profit skyrocketed 505.2 per cent year-on-year (Y-o-Y) to Rs 14,781.2 crore in Q3FY25 versus Rs 2,442.2 crore in the same quarter last year
Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.
Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.
The apex court in its verdict, has prescribed new definition of adjusted gross revenue and held that all revenue accruing from telcos constitute to AGR.
Last week, in a major blow to the incumbent telecom players, Bharti Airtel and Vodafone-Idea, the Supreme Court ruled that the existing definition of AGR will prevail.
According to Motilal Oswal Securities, Bharti and Idea could see this as a welcome positive as it could result in an increase in EBITDA by Rs 2,760 crore