Bharti Airtel on Thursday reported a consolidated net profit of Rs 14,781.2 crore for the quarter ended December 31, much better than analysts’ expectations. The private sector telecom service provider’s net profit market a more than four-time increase over the previous quarter.
Its revenue stood at Rs 45,129.3 crore for the third quarter of the current financial year, as against Rs 41,473.3 crore for the previous three months, according to a regulatory filing.
According to Zee Business, Bharti Airtel was estimated to register a net profit of Rs 5,200 crore and revenue of Rs 44,800 crore for the December quarter.
Earlier on Thursday, the Bharti Airtel stock ended 2.5 per cent lower at Rs 1,619.6 apiece on BSE.
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