The apex court rejected a series of review petitions filed by Bharti Airtel and Vodafone Idea challenging its 2021 verdict
Bharti Hexacom reported an increased on 23 per cent year-on-year (Y-o-Y) to Rs 260.9 crore as compared to Rs 212.7 crore
Bharti Hexacom on Thursday posted a 22.66 per cent increase in profit to Rs 260.9 crore for the December quarter. The company had registered a profit of Rs 212.7 crore in the same period a year ago. The revenue from operations of the company increased about 25 per cent to Rs 2,250.7 crore during the quarter from Rs 1,800.6 crore a year ago, the company said. Bharti Hexacom provides telecom services to customers in the Rajasthan and the Northeast telecommunication circles. The Northeast circle includes Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, and Tripura. The company's average revenue per user increased 20.5 per cent on a year-on-year basis to Rs 241 during the quarter from Rs 200 in the year-ago period. The Bharti Airtel subsidiary posted a 3.5 per cent increase in customer base to 2.8 crore in the December 2024 quarter from 2.7 crore in the same period a year ago.
The stock price of Bharti Hexacom has more-than-doubled, zooming 182 per cent against its issue price of Rs 570 per share
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.