Even though Reliance Jio remains the country’s largest telecom company in terms of userbase, Airtel has left Jio behind in terms of earning profit in the second quarter. Sunil Bharti Mittal’s company Bharti Airtel has seen a 168 percent jump in profits. The special thing is that Jio saw only 3 percent increase in net profit in the second quarter. Let us also tell you what kind of story the second quarter figures of Mittal’s telecom company are telling.
Tremendous jump in revenue and profit
The integrated net profit of telecom company Bharti Airtel has jumped by 168 percent to Rs 3,593 crore in the second quarter of July-September of the current financial year. A year ago, in the same quarter of 2023-24, the company had made a net profit of Rs 1,341 crore. The income of the country’s second largest telecom company increased by 12 percent on an annual basis to Rs 41,473 crore in the quarter ending September 2024.
Gopal Vittal Executive VC
The company said that Gopal Vittal will take over the role of executive vice chairman from January 1, 2026. He was the Managing Director and CEO (Chief Executive Officer) of the company for the last 12 years. Presently Chief Operating Officer Shashwat Sharma is Bharti Airtel Ltd. from January 1, 2026. Will be the Managing Director and CEO of. To prepare for this post, he has been named the CEO of the company at present.
Earnings increased in Africa also
Regarding the company’s quarterly results, Vittal said that we had another solid performance in the quarter. In this, revenue in India increased by 8.7 percent on quarterly basis. Africa also maintained strong revenue growth momentum with constant currency growth of 7.7 percent. He said that due to the measures taken to streamline the tariff, the average revenue per user (ARPU) stood at Rs 233, which is the highest in the industry.
Company shares remained flat
Well, if we look at the shares of Airtel on Monday, we have seen them flat. Shares of Airtel closed at Rs 1663.65 with a slight decline of 0.05 percent on the Bombay Stock Exchange. Whereas the company’s shares had also reached the day’s high of Rs 1677.40. According to experts, a rise in Airtel shares may be seen on Tuesday. The quarterly results of the company are looking much better.
