Top ASX 100 Stock in tune with the Time

With AI becoming toast of every industry, some ASX listed companies supporting the infrastructure need become equally important. The top growth stocks matching this pace can be the best growth stocks to buy now.??

Telstra Corporation Limited (ASX: TLS)

Telstra Corporation Limited (ASX: TLS) delivered its third consecutive year of underlying EBITDA growth, highlighting consistent execution of its strategy. Underlying EBITDA increased by $300 million (+3.7%) to $8.2 billion in FY24, with underlying NPAT also up 7.5% to $2.3 billion. Among the potential growth companies, its growth reflects strong performances in the Mobiles and Infrastructure businesses, which together contributed 96% of underlying EBITDA and posted growth rates of nearly 6% or higher. However, the Enterprise segment underperformed, prompting a strategic reset that is expected to take time. The Mobiles segment was a standout, with EBITDA growth exceeding $400 million. This was driven by strong subscriber growth (+560,000 net handheld customers) and higher Average Revenue Per User (ARPU), leading to a 5.6% increase in mobile service revenue.

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