Market Overview

Bharti Airtel Q2 Net Profit Down 30%

India's Bharti Airtel Ltd posted a 30% decline in its second-quarter net profit.

Bharti Airtel's quarterly net profit dropped to 7.21 billion rupees ($132 million), versus INR10.27 billion, in the year-ago period.

Its revenue climbed 17% to INR202.73 billion from INR172.70 billion. However, analysts were expecting a net profit of INR7.36 billion on revenue of INR195.47 billion.

Bharti Airtel's tax expenses surged 57% to INR7.71 billion.

Posted-In: profitEarnings News

 

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