Bharti Airtel Q4 profit up 30.5 percent, lags forecast

Image
Reuters MUMBAI
Last Updated : Apr 28 2015 | 7:22 PM IST

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)

*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: Apr 28 2015 | 7:08 PM IST

Next Story