The shares of the prominent telecom company plummeted 3 percent after the Singaporean telecommunications conglomerate is likely to offload 5 crore equity shares via Block deal.
With a market capitalization of Rs 10.36 lakh crore, the shares of Bharti Airtel Ltd were trading at Rs 1,818.60 per share, decreasing around 2.58 percent as compared to the previous closing price of Rs 1,866.80 apiece.
The shares of Bharti Airtel Ltd have seen bearish movement after Singtel’s subsidiary Pastel is likely to offload 5 crore equity shares in the company through a block deal, with a total offer size of $1 billion. The stake sale will be offered at a floor price of Rs 1,800 per share, reflecting a 2.7 percent discount from the last closing price.
Q4 Highlights
Looking forward to the company’s financial performance, revenue magnified by 27 percent from Rs 37,599 crore in Q4FY24 to 47,876 crore in Q4FY25. During the same period, net profits magnified by 503 percent from Rs 2,068 crore to Rs 12,476 crore.
During the quarter, the company installed approximately 3.3k additional towers and 13.6k mobile broadband stations to expand its network footprint and enhance customer experience nationwide. The company’s aim to provide an excellent network experience is evident in its investments, as the company added approximately 19.9k towers YoY and deployed 44.4k kms of fiber YoY.
Moreover, Bharti Airtel has partnered with Apple to offer its customers exclusive access to Apple TV+ and Apple Music. This strategic collaboration brings premium content, including acclaimed series, films, documentaries, and family entertainment, enhancing Airtel’s digital offerings with Apple’s world-class streaming services for a richer entertainment experience.
Bharti Airtel has launched its IPTV services in 2,000 cities across India, offering an enhanced large-screen viewing experience. The service is available nationwide except in Delhi, Rajasthan, Assam, and the northeastern states, where it is expected to launch soon.
Written by Abhishek Singh
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