Bharti Airtel Q2 results: Net profit rises 168% to ₹3,593 crore

Telecom tariff hikes in June lit up the September quarter for Bharti Airtel Ltd on Monday, even as India’s second-largest telco said further increases were required to facilitate sustained investments.

Powered by a strong momentum in the domestic market, the Sunil Mittal-led telco posted a net profit of ₹3,593 crore during the September quarter, up 168% from a year earlier. Consolidated revenues at ₹41,473 crore were up 12%, while earnings before interest, tax, depreciation and amortization (Ebitda) was up 12% at ₹22,021 crore. Ebitda margins rose to 53.1% from 52.7% last year. The company added more subscribers during the quarter, and earned more from them on average.