Bharti Airtel gains 5% after reporting improved margin in June quarter

Bharti Airtel was able to retain its top spot in the market in terms of revenue as its top line was up 2.8 per cent at Rs 15,345 crore

Shares of Bharti Airtel climbed 5 per cent to Rs 339 apiece in Friday's early morning trade on the National Stock Exchange (NSE) in an otherwise weak market after the telecom operator reported an improved margin and industry-best average revenue per user (ARPU) for the June quarter (Q1FY20).

At 11:20 AM, the stock was up 3.81 per cent to Rs 336.25 as compared to 0.84 per cent decline in the benchmark Nifty50.

Consolidated EBITDA (earnings before interest, tax, depreciation and amortization) margin improved to 41 per cent during the quarter as compared to 34.5 per cent in the