Bharti Airtel net profit tanks 31 per cent in Q4

Telecom operator Bharti Airtel on Tuesday posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March quarter.

The company had registered a profit of Rs 3,005.6 crore in the year-ago period.

The consolidated revenue of operations increased 4.4 per cent to Rs 37,599.1 crore during the quarter under review from Rs 36,009 crore a year earlier.

“Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira. We added 7.8 million smartphone customers and delivered an industry leading ARPU of Rs 209,” Bharti Airtel Managing Director Gopal Vittal said.