Bharti Airtel Reports 22% Rise In Quarterly Revenue, Five Fold Jump In Profit
NDTV
Bharti Airtel, India's second biggest telecom operator, on Monday reported a 22.2% increase in quarterly revenue, boosted by subscriber additions.
Bharti Airtel, India's second-biggest telecom operator, on Monday reported a 22.2% increase in quarterly revenue, boosted by subscriber additions, and an over five-fold rise in its consolidated profit to Rs 1,607 crore for the first quarter ended June 30.
The company's consolidated revenue from operations rose to Rs 32,805 crore ($4.12 billion) for the quarter ended June 30, from Rs 26,854 crore in the same period last year, according to a regulatory filing.
Airtel's profit jumped multi-fold to Rs 1,607 crore. The company had posted a profit of Rs 283.5 crore in the year-ago period.
Its consolidated revenue from operations increased by about 22 per cent to Rs 32,805 crore during the reported quarter from Rs 26,854 crore a year ago.