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Profit jumps 92%; stock still falls – here's why

Telecom major Bharti Airtel reported a 92% YoY rise in its consolidated net profit of 1,588 crore for the December quarter of FY23 (Q3FY23).

Its total revenue rose 20% YoY to 35,804 crore. Its ARPU grew 18.4% YoY to 193.


Most brokerages retained their ‘buy’ calls on Airtel with target prices ranging from 985-1,009.

 The stock fell around 2% in early deals after it announced its Q3 results, which missed analyst estimates.


In the last 1 year, the stock has added over 9% versus a 2% rise in the benchmark Nifty.


30 analysts polled by MintGenie on an average have a ‘buy’ call on the stock.


Brokerages expect earnings to be soft in the near term, but they believe in Airtel's long-term growth story.


Click here to know more about Bharti Airtel Q3 review.

Bharti Airtel Q3 Review: Profit jumps 92%; stock still falls – here's why

Most brokerages retained their ‘buy’ calls on Airtel. While they expect earnings to be soft in the near term, they believe in Airtel's long-term growth story.

Bharti Airtel Q3 Review: Brokerages retain ‘buy’ calls as profit jumps 92%; stock still falls – here's why

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Bharti Airtel Q3 Review: Profit jumps 92%; stock still falls – here's why

Most brokerages retained their ‘buy’ calls on Airtel. While they expect earnings to be soft in the near term, they believe in Airtel's long-term growth story.

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