Shares of Bharti Airtel experienced a decline on Tuesday following the announcement of its earnings for the second quarter of the financial year 2024-25 (FY25). The stock dropped as much as 2.7% to ₹1,617 on the NSE during early trading, settling at ₹1,620, down 2.6%. The company’s market capitalization is reported at ₹9,23,060.6 crore.
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In terms of performance, Bharti Airtel reported a significant 168% year-on-year increase in consolidated net profit, reaching ₹3,593.2 crore for the July-September quarter. This marks a notable rise from ₹1,340.7 crore in the same period last year; however, it represents a sequential decline of 13.6%. The reported profit after tax (PAT) fell short of market expectations.
Revenue from operations also saw growth, rising 12% year-on-year to ₹41,473 crore, driven by strong performance in India and growth in the African market. Additionally, the average revenue per user (ARPU) increased to ₹233 from ₹203 in the previous year’s quarter.
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In a leadership update, Bharti Airtel announced that Gopal Vittal, who has served as Managing Director and CEO for over a decade, will transition to Executive Vice Chairman on January 1, 2026. Shashwat Sharma, currently the Chief Operating Officer, will take over as MD and CEO on the same date.
Chairman Sunil Mittal expressed confidence in the succession plan, emphasizing the importance of leadership continuity at Airtel. The company’s consolidated net income, excluding exceptional items, was reported at ₹3,911 crore, reflecting a 32.2% year-on-year increase.
