Shares of Bharti Airtel dipped 3 per cent to Rs 765.05 on the BSE in Wednesday’s intra-day trade, despite the company reporting a 91.5 per cent year-on-year (YoY) surge in consolidated net profit to Rs 1,588 crore for the October-December quarter of 2022-23 (Q3FY23) led by revenue growth and 4G customer addition.
In the same quarter last year, Airtel posted a net profit of Rs 830 crore. Net profit was, however, lower on a sequential basis due to higher operating expenses and licence fee-related provision of Rs 669 crore.
The stock of telecom operator traded lower for third
In the same quarter last year, Airtel posted a net profit of Rs 830 crore. Net profit was, however, lower on a sequential basis due to higher operating expenses and licence fee-related provision of Rs 669 crore.
The stock of telecom operator traded lower for third