Business Standard

Bharti Airtel's consolidated net profit drops 72% to Rs 86 cr in Q3

The telco's close shave with net loss was saved by deconsolidation of Airtel Payments Bank worth Rs 1,017 crore

airtel
Premium

airtel

Megha Manchanda New Delhi
Telecom operator Bharti Airtel on Thursday reported a 72 per cent drop in consolidated net profit for the quarter ended December 2018 at about Rs 86 crore from Rs 306 crore, posted in the same period of the last financial year (2017-18). 

The telco’s close shave with net loss was saved by deconsolidation of Airtel Payments Bank worth Rs 1,017 crore.

Brokerage firms had expected a net loss of about Rs 1,000 crore for the second-largest telecom operator. Motilal Oswal Securities had anticipated a loss of Rs 520 crore for the operator. Kotak Securities had projected Airtel’s quarterly loss at

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2019 | 10:09 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com