Bharti Airtel Ltd's quarterly profit missed analysts' estimates even as earnings nearly doubled from a year earlier despite a one-time charge of ₹501 crore.
Net profit rose 91% to ₹1,588.2 crore for the quarter ended 31 December from ₹829.6 crore in the year earlier. The figure lagged the ₹2,115 crore consensus estimate in a Bloomberg survey of analysts. Profit fell 26% from ₹2,145 crore in the September quarter.
Revenue rose by more than 20% to ₹35,804 crore as it added new 4G customers and posted growth in postpaid and enterprise segments. It increased by 3.6% from ₹34,526 crore in the preceding September quarter.
The telco's India revenue rose 19% to ₹24,962 crore, while revenue from the mobile business grew by 21% to ₹19,352 crore owing to improved realization, and strong customer additions.
Esta historia es de la edición February 08, 2023 de Mint Mumbai.
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