Mumbai: Bharti Airtel share price jumped over 3.50 per cent to trade at Rs 1,668.85 at around 12:30 pm on December 13, 2024 (Friday). Stock Market expert Arun Mantri said he is bullish on the telecom stock and advised the interested investors to purchase the shares of the Sunil Mittal-led company.
Speaking to News9live, market expert initiated a Buy rating on Bharti Airtel and advised the investors to pump in money to buy the stock at Rs 1650 per equity share with a target price of Rs 1720. Mantri said the counter can also rise and touch its all time high of Rs 1779.
It may be noted that Motilal Oswal Financial Services has also projected the Bharti Airtel stock to appreciate by 18.16 per cent and suggested share target price of Rs 1900.
Bharti Airtel financial Results: Q2 2024-25
In its July-September quarter results of 2024-25, Bharti Airtel posted its quarterly revenues of Rs 41,473 crore, which was up 12.0 per cent year on year, up 7.7 per cent QoQ, driven by strong momentum in India and sustained constant currency growth in Africa.
The telecom major reported its revenues for the second quarter of the previous financial year stood at Rs 31,561 crore, a spike of 16.9 per cent YoY. The company’s mobile revenues recorded a growth of 18.5 per cent YoY led by tariff repair. The ARPU for the quarter stood at Rs 233 as compared to Rs 203 in Q2’24.
In its Q2 2024-25 Results, Bharti Airtel posted its consolidated EBITDA an increase of 12 per cent year on year to Rs 22,021 crore. EBITDA margin was 53.1 per cent, remains flat YoY.
EBITDA margins across businesses remained healthy, with India EBITDA margins at 54.8 per cent in the second quarter of the current financial year. Consolidated EBIT increased by 10.7 per cent YoY to Rs 10,996 crore. Consolidated Net Income before exceptional items for the quarter was recorded at Rs 3,911 crore while consolidated Net income after exceptional items recorded at Rs 3,593 crore.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Bharti Airtel share price target: Market expert gave a Buy call on Bharti Airtel shares, recommending the investors to buy the scrip. For the convenience of the investors, Arun Mantri suggested share price target and Stop Loss. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
