Bharti Airtel Q3 Results: Profit up 483% to ₹14,760 cr on Indus consolidation

Bharti Airtel Q3 Results: India’s second largest carrier Bharti Airtel Ltd beat estimates with a profit of ₹14,760 crore for the quarter ended December, up 483% from ₹2,530 crore a year earlier, due to a one-time gain from Indus Towers becoming its subsidiary in November.

The company recorded a net exceptional gain of ₹9,267 crore, which included gain of ₹14,322.5 crore on account of consolidation of Indus, gain of ₹128.5 crore from reversal of provision created for input tax credit on passive infrastructure services and foreign exchange gain of ₹1,193.6 crore.