Bharti Airtel net profit rises first time in four years

Image
Reuters NEW DELHI
Last Updated : Jan 29 2014 | 9:35 AM IST

NEW DELHI (Reuters) - Bharti Airtel, India's top telecommunications carrier, said its quarterly net profit rose for the first time in four years but was sharply lower than forecast.

Bharti Airtel, nearly a third owned by Southeast Asia's top phone carrier SingTel , said it was helped by lower competition and an increase in voice call prices.

Its consolidated net profit was 6.10 billion rupees for the fiscal third quarter ended December from 2.84 billion rupees a year earlier. Net income before exceptional items was 8.32 billion rupees, Bharti said in a statement.

Analysts had expected a net profit of 10.44 billion rupees for the New Delhi-based company that operates mobile phone services in 20 countries across Asia and Africa.

(Reporting by Devidutta Tripathy; Editing by Matt Driskill)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2014 | 9:31 AM IST

Next Story