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Bharti Airtel Q2 profit rises 25%, topline meets estimates

Revenue declined 0.5 percent quarter-on-quarter (up 7.1 percent year-on-year) to Rs 22,845 crore during the quarter compared to Rs 22,961.6 crore in previous quarter, largely in line with estimates.

The News International Team

India’s largest telecom operator Bharti Airtel ‘s second quarter profit jumped 24.8 percent sequentially (higher-than-expected) to Rs 1,383.2 crore in July-September quarter. Year-on-year growth in profit was 170.2 percent.

Revenue declined 0.5 percent quarter-on-quarter (up 7.1 percent year-on-year) to Rs 22,845 crore during the quarter compared to Rs 22,961.6 crore in previous quarter, largely in line with estimates.

Profit was expected at Rs 1,365 crore on revenue of Rs 23,238 crore for the quarter, according to the average of estimates of analysts polled by CNBC-TV18.

More to come..

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