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Airtel net profit News

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In India, quarterly revenues grew by 6 per cent to Rs 36,735 crore, supported by better realisations in the mobile segment and strong performance in the homes business.
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The company -- whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani's Reliance Jio -- earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the previous fiscal.
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The company had registered a net profit of Rs 367 crore in the same period a year ago.
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Airtel had posted net profit of Rs 1,461 crore for the July- September quarter of last fiscal.
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In a first major blow to telecom operators, India's leading service provider Bharti Airtel on Tuesday reported a 54 percent dip in its net profit for the October-December quarter due to turbulence from Mukesh Ambani's Reliance Jio.
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India's leading telecom service provider Bharti Airtel on Tuesday reported 4.9 percent drop in its consolidated net profit at Rs 1,461 crore in the September quarter, mainly on account of increased spectrum related costs and devaluation of Nigerian currency.
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Country's largest telco Bharti Airtel Wednesday reported 2.8 percent jump in net profit to Rs 1,290 crore for the March quarter despite over 25 percent rise in depreciation and spectrum amortisation expenses.
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Country's largest telecom operator Bharti Airtel Thursday reported a 22.21 percent fall in its net profit at Rs 1,117 crore for the three months to December 2015, hit by higher infrastructure and finance costs.
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Bharti Airtel stock gave up initial gains on profit-booking, falling 2 percent in a weak broader market Monday, even as the company reported 10.1 percent jump in consolidated net profit for the quarter ended September 30.
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Riding on the mobile Internet boom, telecom major Bharti Airtel Tuesday reported about 40 percent jump in consolidated net profit to Rs 1,554.3 crore in the first quarter of the current financial year.
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Bharati Airtel on Tuesday reported a net profit rise of 40 percent to Rs 1,554.3 crore for the April-June quarter helped strongly by consumer demand for voice and data services.






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