MUMBAI (Reuters) - India's top mobile carrier Bharti Airtel reported a 30.5 percent rise in quarterly net profit, helped by strong subscriber growth for its mobile data services, although the rise was smaller than expected.
Bharti Airtel, which operates in 20 countries across Asia and Africa, said on Tuesday net profit rose to 12.55 billion rupees for its fiscal fourth quarter to March 31, from 9.62 billion rupees a year earlier.
Analysts, on average, had expected the company, headed by billionaire Sunil Mittal and nearly a third owned by Southeast Asia's biggest phone operator Singapore Telecommunications Ltd, to earn 15.27 billion rupees, according to Thomson Reuters data.
Total revenue rose 3.6 percent from a year earlier to 230.16 billion rupees, Bharti Airtel said in a statement.
(Reporting by Aman Shah; Editing by Subhranshu Sahu)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
