Airtel beats street view, Q1 net surges 158%

Bharti Airtel’s consolidated net profit for the fiscal first quarter rose more than two-and-a-half times from a year earlier and doubled sequentially, helped by an exceptional gain, along with an improvement in average revenue per user (ARPU) and lower finance costs.

The nation’s second-largest telecom operator posted a consolidated net profit of ₹4,159.9 crore after factoring in a net exceptional gain of ₹735 crore in the quarter ended June 30, beating the average estimate of ₹3,959 crore by analysts tracked by ET.