Airtel-Backed Telecom Firm Announces First Dividend Post-IPO at ₹4/Share: A New Era for Coin Symbol

  • Bharti Hexacom, a subsidiary of Bharti Airtel, has announced its Q4 results for fiscal 2023-24, marking its first earnings report since its IPO launch in April.
  • The telecom giant has reported a 10% year-on-year rise in net profit for the March quarter, attributing this growth to strong customer additions and an increase in average revenue per user (ARPU).
  • The board has also recommended a final dividend of Rs. 4 per fully paid-up equity share of face value Rs. 5 each for the financial year 2023-24.

Bharti Hexacom reports a 10% YoY rise in net profit in Q4 results, following its IPO launch in April. The board recommends a final dividend for FY 2023-24.

Bharti Hexacom Q4 Results

Bharti Hexacom reported a net profit of ₹223 crore for the March quarter, marking a 10.2% increase over the same period last year. The company’s total revenue for the quarter stood at ₹1,868 crore, up 7.8% YoY. The rise in revenue was primarily driven by a 6.8% YoY increase in mobile services revenues, which the company attributes to strong 4G/5G customer additions and an increase in ARPU.

Bharti Hexacom’s IPO and Stock Performance

The company’s IPO consisted only of an offer-for-sale (OFS) and did not include a fresh issue component. The IPO subscription opened for investors on April 3 and closed on April 5, with a price band set in the range of ₹542 to ₹570 per share. Bharti Hexacom’s share price debuted on the NSE at ₹755, marking a 32.5% premium over the issue price. By the end of the session, the listing gain was 42.7%.


Bharti Hexacom’s Q4 results and subsequent stock performance demonstrate the company’s strong market position and growth potential. With a continued focus on customer acquisition and service improvement, the company is poised for further growth in the coming fiscal year.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

Notcoin (NTC) Skyrockets 40% in 24 Hours: Unprecedented Surge Captivates Crypto Market

Notcoin (NOT) has experienced a remarkable rise,...

Qubetics (QBT) Whitelist Poised to Outshine Bitcoin (BTC) and Ethereum (ETH) in Crypto Market

The cryptocurrency market is abuzz with speculation about Qubetics...

Trump Meme Coins (TRUMP) Crash Following 34 Felony Convictions: Market Reacts to Legal Verdict

Cryptocurrency markets are experiencing significant volatility following...

Elon Musk Comments on Cryptocurrency and Donald Trump: Impact on Bitcoin (BTC) and Market Trends

The cryptocurrency market has seen significant fluctuations recently, capturing...

PRO Analysis

Nansen Reveals DBS Bank’s Hidden Ethereum (ETH) Holdings in Blockchain Analysis

DBS Bank, Singapore’s largest bank, has been...

Crypto Markets Plunge Up to 5% Awaiting U.S. Data: Key Altcoins Affected – BTC, ETH, ADA Analysis

The cryptocurrency markets are eagerly awaiting the...

FTSE 100 Index Analysis: Key Insights for May 30, 2024 – Market Trends and Projections

Cryptocurrency markets have been experiencing...

AI Predicts 2024 End-of-Year Surge for XRP and SHIB Coins: Expert Analysis Inside!

The crypto markets have been a rollercoaster...
Gideon Wolf
Gideon Wolf
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.

2024 IPO Surge: 57% of SME Issues Achieve Over 100% Subscription Rate

The enthusiasm for initial public offerings (IPOs) shows no signs of diminishing, as retail investor participation has increased substantially in recent years. ...

Lok Sabha Elections 2024: Strategic Moves for Retail Investors in BTC and ETH Post June 4

As the Lok Sabha Elections 2024 approach, retail investors are eagerly awaiting the results. Market experts are...

US Stock Market Recap: Major Indexes Performance on Thursday, May 30, 2024

U.S. stocks experienced mixed results following profit reports from major companies and economic signals indicating a potential cooling. Despite most stocks...