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Airtel Q3 net up 483% at ₹14,760 cr on Indus gains
Hindustan Times Gurugram
|February 07, 2025
India's second largest carrier Bharti Airtel Ltd beat estimates with a profit of ₹14,760 crore for the quarter ended December, up 483% from ₹2,530 crore a year earlier, due to a one-time gain from Indus Towers becoming its subsidiary in November.
NEW DELHI:
The company recorded a net exceptional gain of ₹9,267 crore, which included a gain of ₹14,322.5 crore on account of consolidation of Indus, a gain of ₹128.5 crore from reversal of provision created for input tax credit on passive infrastructure services and a foreign exchange gain of ₹1,193.6 crore. The exceptional gain was offset by regulatory levies of ₹6,358.6 crore and impairment charge of intangible assets of ₹1,740.4 crore. Airtel accounts for Indus Towers operations under passive infrastructure services.
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