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Telecom major Bharti Airtel on Monday reported over 54 per cent fall in consolidated net profit to Rs 503.7 for the October-December quarter due to "turbulence" from "predatory pricing" of newcomer Reliance Jio.
The company had posted a net profit of Rs 1,108.1 crore in the same period a year ago.
The consolidated income of Bharti Airtel declined by 3 per cent during the reported period to Rs 23,363.9 crore from Rs 24,103.4 crore in corresponding period of 2015-16.
Bharti Airtel MD and CEO for India & South Asia Gopal Vittal in a statement said, "The quarter
The company had posted a net profit of Rs 1,108.1 crore in the same period a year ago.
The consolidated income of Bharti Airtel declined by 3 per cent during the reported period to Rs 23,363.9 crore from Rs 24,103.4 crore in corresponding period of 2015-16.
Bharti Airtel MD and CEO for India & South Asia Gopal Vittal in a statement said, "The quarter
