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BW Businessworld

Bharti Airtel Q4 Profit Halves, Misses Estimates

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Bharti Airtel Ltd reported a 50 per cent fall in quarterly profit that capped the third straight year of declining profit at India's top telecommunications carrier.

Bharti Airtel, the world's fourth-biggest cellular carrier by customers, said net profit fell to Rs 509 crore for its fiscal fourth quarter to end-March, from Rs 1,006 crore reported a year earlier. Analysts had expected the company to report net profit of Rs 741 crore, according to Thomson Reuters I/B/E/S.
 
Shares fell as much as 4.9 per cent in early morning trade on Thursday.
 
Read: Deal Day At Bharti Airtel

(Reuters)

 


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