Bharti Airtel Q4 results: Net profit zooms 164% to ₹2,008 crore

– Revenue from operations rose 22% to ₹31,500 crore in the January-March period, compared with ₹25,747 crore in the corresponding period of last year.

Telecom major Bharti Airtel's net profit more than doubled, rising 164% to ₹2,008 crore in the three months ended March.

The same was ₹759 crore in the last year period. On Tuesday, Airtel stock closed 1.79% higher at ₹705.60 apiece on NSE.

Revenue from operations rose 22% to ₹31,500 crore in the January-March period, compared with ₹25,747 crore in the corresponding period of last year.

The growth was backed by strong and consistent performance delivery across the portfolio.

“The Board has also recommended a dividend of ₹3 per fully paid-up equity share of face value ₹5 each and ₹0.75

per partly paid-up equity share of face value ₹each (paid-up Rs. 1.25 per share) for the financial year 2021-22," Airtel said in a filing

“This has been another quarter to cap a full year of consistent and competitive performance across our portfolio.

Our consolidated revenues for the quarter grew by 5.5% and EBITDA margins expanded to 50.8%, underscoring our focus on all round delivery.