3 Min(s) Read
Bharti Airtel results: Bharti Airtel shares rose on Wednesday as the telecom operator's quarterly performance largely met Street expectations. Analysts said its average revenue per user (ARPU) drove revenue growth but further improvement will need more of tariff hikes.
Bharti Airtel shares rose on Wednesday after the telecom major reported a quarterly performance that largely met Street expectations. Investors gave a thumbs up to the company's average revenue per user (ARPU) — a key measure of profitability for telecom companies — but analysts warn that a further increase will require tariff hikes.
The Bharti Airtel stock gained by as much as Rs 14.7 or 2.1 percent to Rs 719 apiece on BSE.
Bharti Airtel's ARPU increased 2.8 percent to Rs 183 compared with the March quarter.