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Bharti profit soars fourfold, surpasses analyst estimates
February 07, 2025
|Financial Express Delhi
BHARTI AIRTEL on Thursday posted a higher-than-estimated net profit for the third quarter ended December due to a one-time gain of ₹14,322 crore from the consolidation of Indus Towers business, reversal of provision created for input tax credit on passive infrastructure services, and gain from currency appreciation in Africa.
As a result, the telco logged a net profit of ₹14,781 crore, a fourfold jump sequentially, beating Bloomberg estimate of ₹5,023 crore. Excluding the net exceptional gain of ₹7,545 crore, the profit was still above estimates at ₹7,236.
هذه القصة من طبعة February 07, 2025 من Financial Express Delhi.
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