Bharti Airtel: Should you buy, sell or hold the stock after Q4 earnings? Here's what experts suggest

livemint.com:

₹1,293.15 per share, reflecting a modest increase of 0.69% at 01:30 p.m. After initially surging by 2% during the early morning session in response to the company's Q4 and full fiscal year (FY24) results announcements, released after market hours on Tuesday, the stock failed to maintain its momentum as the day progressed. The company reported a significant decline in profit, which more than halved to ₹2,068 crore in the fourth quarter ended March 31, compared to ₹3,005.6 crore a year ago.

This drop was primarily attributed to the devaluation of African currencies, particularly the Nigerian Naira. Also Read: Airtel’s Q4 profit dragged down 31% on forex losses Bharti Airtel's Africa business witnessed a 154% decline in net profit, reporting a loss of ₹489.4 crore in Q4FY24, while revenue fell to ₹9,293 crore from ₹11,031 crore a year earlier. Overall, the company's consolidated revenue grew by 4.4% to ₹37,916 crore in Q4 FY24, while the annual revenue from operations rose 7.7% YoY to ₹1,49,982.4 crore for the full fiscal year of FY24.

However, its net profit dropped by 10.5% to ₹7,467 crore in FY24. Bharti Airtel's average revenue per user (ARPU), which is an important measure for telecom companies, increased by 8% to ₹209 in Q4 from ₹193 a year ago. Additionally, the 4G and 5G data customer base of Bharti Airtel grew by 12.8% to 25.27 crore during the reported quarter, up from 22.41 crore in the March 2023 quarter.