Bharti Airtel Q1 2016

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Bharti Airtel Q1 net profit plunges 31%

Bharti Airtel reported 31% on-year decline in its first-quarter net profit at Rs 1,462 crore from Rs 2,113 crore a year ago, due to higher capex costs, higher interest costs and a forex loss. The net profit however increased sequentially from Rs 1,320 crore in the January-March quarter. Revenue at India’s No. 1 telecom carrier rose 7.9% to Rs 25,572.9 crore from Rs 23,680.8 crore in the year-ago period. The… Read More

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