Bharti Airtel has joined the elite $100 billion market cap club, with its valuation reaching ₹8.13 lakh crore on the National Stock Exchange. The company’s stock rose 0.42% to ₹1,431.2 by mid-morning, reflecting significant investor confidence.
Year-to-date, Bharti Airtel’s stock has soared by 39.5%, and over the past year, it has climbed an impressive 71.4%. This growth trajectory underscores the telecommunications giant’s strong market performance and investor appeal.
The company shares space with other major Indian corporations like Reliance Industries, HDFC Bank, and Tata Consultancy Services, each surpassing the $100 billion mark in market capitalization. Bharti Airtel’s entry highlights its robust financial health and industry standing.
For the March quarter, Bharti Airtel reported a consolidated net profit of ₹2,068.2 crore, though this was a 31% decrease from the previous year’s ₹3,005.6 crore. Despite the dip, the company’s overall financial health remains strong.
The company’s consolidated revenue from operations for the same quarter was up 4.4% year-over-year, totaling ₹37,599.1 crore. Bharti Airtel also declared a dividend of ₹8 per share for FY24, further rewarding its shareholders.
