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Bharti Airtel's Q2FY24 Financial Performance Review

Nov 1, 2023

By: BlinkX Research Team

In this financial performance review, we delve into the results of Bharti Airtel for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.

REVENUE: 
Bharti Airtel reported a total revenue of ₹3,737.42 crores in Q2FY24, with a marginal decrease of 1.1% sequentially. Year-on-year, the company's revenue witnessed a growth of 7.62% compared to Q2FY23.

EXPENSES: 
The company's expenses for Q2FY24 amounted to ₹1,753.01 crores, showing a slight increase of 0.28% compared to Q1FY24, when expenses were ₹1,748.15 crores. Year-on-year, expenses grew by 3.53% compared to ₹1,693.30 crores in the second quarter of FY23.

NET PROFIT: 
In the second quarter of fiscal year 2024, Bharti Airtel reported a net profit of ₹184.65 crores, representing a remarkable increase of 455% sequentially. This dramatic increase is because there were exceptional expenses in the previous quarter. Year-on-year, the net profit saw substantial growth of 43.54%.

MARGINS: 
Bharti Airtel's margin in Q2FY24 stands at 4.94%, showing positive growth compared to sequentially. Year-on-year, the margin also improved significantly from 3.70% to 4.94% in this quarter.

In conclusion, Bharti Airtel's financial performance in the second quarter of fiscal year 2024 demonstrates substantial growth in net profit and margins, both sequentially and year-on-year. The company's ability to maintain profitability and grow its net profit is impressive and indicates effective strategies in a competitive market. The increase in revenue year-on-year is also noteworthy.

Stay tuned for more updates on upcoming financial performances.