(Reuters) -Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, helped by a one-time gain and as tariff hikes continued to boost its per-user revenue. The company's consolidated net profit rose to 147.

Bharti Airtel share price gained close to 4% in the morning traded on Friday, post Q3 results that were declared after the market hours on Thursday. Do you own it?

Bharti Airtel shares soared over 5% after the company reported a more than five-fold jump in net profit for the quarter ended December 31, 2024. The strong performance was driven by the consolidation of Indus Tower business and tariff hikes.

Bharti Airtel's Q3 earnings beat Street estimates, boosted by one-time exceptional gains from consolidating a majority stake in Indus Towers.

Bharti Airtel has posted a whopping 505% jump in its net profit for the quarter ending December 31, 2024. The telecom giant's net profit stood at ₹14,781 crore, up from ₹2,442 crore in the previous year. The massive growth, which topped market expectations, was attributed to a number of factors such as tariff hikes and a better subscriber mix.

Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, as last year's tariff hikes continued to uplift its per-user revenue and helped by a one-time gain.

Bharti Airtel Ltd. reported a larger-than-expected quarterly profit, boosted mostly by one-time gains and the higher user fees it imposed in July.