Wednesday, 26 October 2016

Bharti Airtel Q2 net Slides 4.9% at Rs 1,461 cr

Telecom giant Bharti Airtel on Tuesday in after-market hours reported that consolidated net profit fell 4.9 per cent to Rs. 1,461 crore in Q2 FY 2016-17 from the same period a year ago on increased spectrum costs. In Q2 FY 2015-16, the company had posted a consolidated net profit of Rs 1,536 crore, Bharti Airtel Ltd said in a filing to the Bombay Stock Exchange (BSE). Total consolidated revenues climbed by 3.4 per cent to Rs 24,652 crore in Q2 FY 2016-17 from Rs 23,836 crore in the same period a year ago.

For news on Indian Stock Market Tips,Mcx Commodity Trading Tips please visit us at or call at 9303093093.

Revenues from its India market stood at Rs 19,219 crore in Q2 FY 2016-17, up by 10.1 per cent from the same period a year ago, driven by healthy growth in Digital TV (20.9 per cent), Airtel business, (19.2 per cent), Homes (14.9 per cent) and Mobile (7.9 per cent), on a year-on-year basis, respectively. Gopal Vittal, MD and CEO, India & South Asia at Bharti Airtel said: “Overall revenue momentum in India has been sustained primarily due to the strong performance of our non-mobile businesses which grew in aggregate at 18.8 per cent y-o-y.”

No comments:

Post a Comment

Note: only a member of this blog may post a comment.