Bharti Airtel, India’s second-largest telco, reported a 50% YoY increase in its consolidated net profit for the fiscal Q4 as it benefited from a one-time exceptional gain from its Africa business and saw strong 4G user additions and increased data and voice services consumption. Revenue grew by 0.6% sequentially and 14.3% YoY, while mobile revenue grew just over 1% sequentially and 12% YoY. The telco’s shares closed 1.44% lower after it recommended a final dividend of Rs. 4 per fully paid-up equity share of face value of Rs. 5 each.
Tariff shock turns FIIs to sellers in April. Analysts flag global risk but back India’s fundamentals
Foreign institutional investors reversed course in early April, spurred by rising global trade tensions following US President Trump’s announcement of steep tariffs. This led to
April 5, 2025