Bharti Airtel rallies 10%, hits all-time high on strong Q4 results

Mobile revenues witnessed a YoY growth of 21.8 per cent primarily led by increase in 4G customer base coupled with improved tariffs

Shares of Bharti Airtel rallied 10 per cent to hit a record high of Rs 591.95 on the BSE on Tuesday in the morning trade after the company reported a healthy 15.1 per cent year-on-year (YoY) growth in consolidated revenue at Rs 23,723 crore for the quarter ended March 2020 (Q4FY20).

The stock of the telecom services provider surpassed its previous all-time high level of Rs 570 touched on May 13, 2020. In comparison, the S&P BSE Sensex was up 2.3 per cent, or 697.79 points, at 30,716.77 level at 10:37 am.

The company’s India revenues also reported a strong 14.4