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Airtel beats the Street on one-time tax gain
Financial Express Kochi
|May 14, 2025
Net profit down 25% q-o-q at ₹11,022 cr; Apru flat at ₹245
BHARTI AIRTEL ON Tuesday reported a 25% sequential decline in consolidated net profit in the January-March quarter at ₹11,022 crore. However, it beat the Bloomberg estimate of ₹6,509 crore, primarily due to a significant exceptional gain. This included a tax benefit of ₹5,913 crore arising from the recognition of previously unrecognised deferred tax assets. As a result, on a year-on-year (y-o-y) basis net profit was up 432%. Excluding exceptional items, net profit stood at ₹5,222 crore, down from ₹7,545 crore in the preceding quarter, which too had been buoyed by similar one-time gains.
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Financial Express Kochi'den DAHA FAZLA HİKAYE
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