 "Bharti Airtel gains 3% on good Q1 results")
Bharti Airtel is trading 3.4% higher at Rs 366 on National Stock Exchange after reporting 61% year-on-year jump in consolidated net profit at Rs 1,108 crore for the first quarter ended June 30 2014 (Q1), backed by a 74% rise in mobile data revenue. The country’s largest cell phone operator had profit of Rs 689 crore in the corresponding quarter last year.
Consolidated revenue for the quarter grew 13% to Rs 22,962 crore as against Rs 20,264 crore in the same quarter last year. Consolidated revenue from mobile data services, a third of its incremental revenue, grew 74% to Rs 2,204 crore.
The stock opened at Rs 358 and has seen a combined 680,000 shares changing hands on the counter in early morning deals on NSE and BSE.
Consolidated revenue for the quarter grew 13% to Rs 22,962 crore as against Rs 20,264 crore in the same quarter last year. Consolidated revenue from mobile data services, a third of its incremental revenue, grew 74% to Rs 2,204 crore.
The stock opened at Rs 358 and has seen a combined 680,000 shares changing hands on the counter in early morning deals on NSE and BSE.