Airtel Falls as Promoter Sells Stake

  Published 8 months ago

Bharti Airtel shares fell 3% after promoter ICIL sold a 1.2% stake via a block deal; strong Q1 results cushioned sentiment.

  • Q1 FY26 net profit rose 43% YoY to ₹5,948 crore, driven by strong India growth and African business recovery.
  • Revenue from operations jumped 29% YoY to ₹49,463 crore, with EBITDA margin at 56.9% amid a higher ARPU of ₹250.
  • ICIL’s third stake sale since Nov 2024 saw 6.7 crore shares change hands; promoter holding stood at 51.25%.

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