Bharti Airtel on good ring tone

Bharti Airtel is currently the top gainer on the BSE, up almost 5% at Rs.370, with an intra day high at Rs.373, a new 52-week high. Its intra day is at Rs.358.

The stock price has spurted to a new high on the back of its exuberant performance for Q1Fy15 and expectations of things to get only better in the coming months. For the current Q1, it reported a very healthy 61% (YoY) jump in consolidated net profit at Rs.1108 crore while revenue rose 13% at Rs.22,962 crore. Its main bread winner or growth driver is mobile data, which showed a 74% jump in revenue at Rs.2204 crore.  EBITDA for the quarter stood at Rs.7720 crore, up 6% while sequential margins came in at 33.6% v/s 32.9%. The bottomline would have been much higher but for the impact of an exceptional loss of Rs.252 crore.