Bharti Airtel shares fall 3% on posting strong Q2 earnings but below Street’s estimates

Shares of telecom company Bharti Airtel fell by 2.7% to a day’s low of Rs 1,617.55 on the BSE today, despite the company posting strong Q2 results, with consolidated net profit jumping 168% year-on-year (YoY) to Rs 3,593 crore. However, the results were below Street estimates. The profit for the quarter was supported by strong average revenue per user (ARPU) growth and subscriber additions, although a Rs 318 crore exceptional loss caused it to miss estimates.