Business Standard

Thursday, December 19, 2024 | 02:13 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Bharti Airtel slips 3% despite over 91% YoY surge in December net

Airtel continues to report a healthy performance on Indian wireless business front with resilient and industry leading KPIs in terms of India post-paid/4G subscribers, ARPUs and margins.

airtel
Premium

Deepak Korgoankar Mumbai
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in