Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
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Bharti Airtel posts Rs 759 crore profit in Q4, revenue surges 12%
Reuters / Updated: May 17, 2021, 17:12 IST
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BENGALURU: Telecom firm Bharti Airtel Ltd swung to a quarterly profit on Monday as it added more subscribers and saw increased data usage, helped by pandemic-led remote working trends.
The country s second-largest telecom operator posted a consolidated profit of Rs 759 crore ($103.62 million) for the quarter ended March 31, compared with a loss of Rs 5,237 crore a year earlier.
New Delhi-based Bharti Airtel s revenue from operations for the quarter was Rs 25,747 crore, nearly 12% higher from Rs 23,019 crore the previous year.
Read more about Bharti Airtel may return to black in Q3, revenue to grow over 15%: Analysts on Business Standard. Management commentary on the timing of tariff hikes and outlook on spectrum investments including renewals will be among the key things to watch in Airtel s results