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Airtel profit more than doubles to ₹4,160 crore in Q1

The New Indian Express

|

August 06, 2024

BHARTI AIRTEL, country's second-largest telecom service provider, reported a record profit of 4,160 crore for the first quarter ended June 30, 2024.

- RAKESH KUMAR

Airtel profit more than doubles to ₹4,160 crore in Q1

The company's net profit was 1,612.5 crore in the same period last year In contrast, Bharti Airtel's consolidated net profit was at ₹2,068.2 crore for the previous quarter ending March 2024. The company's consolidated revenues for the quarter reached ₹38,506 crore, reflecting a 2.8% year-on-year (YoY) increase and a 2.4% quarter-on-quarter (QoQ) growth. However, the company noted that its revenue was impacted by currency devaluation in Africa. In India, the company's revenues rose by 10.1% YoY to 29,046 crore, driven by a 10.5% YoY increase in mobile revenues. This g

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