Bharti Airtel’s Q4 net increases 50% on one-time gain

Bharti Airtel, India’s second-largest telco, reported a 50% YoY increase in its consolidated net profit for the fiscal Q4 as it benefited from a one-time exceptional gain from its Africa business and saw strong 4G user additions and increased data and voice services consumption. Revenue grew by 0.6% sequentially and 14.3% YoY, while mobile revenue grew just over 1% sequentially and 12% YoY. The telco’s shares closed 1.44% lower after it recommended a final dividend of Rs. 4 per fully paid-up equity share of face value of Rs. 5 each.

Generated by Feedzy