 "Bharti Airtel")
A strategic shift in its African operations is bearing results for Bharti Airtel. The company has reported profits in the continent for the past three quarters.
Airtel reported a record Ebitda (earnings before interest, taxes, depreciation, and amortisation) margin of 32.1 per cent in the September quarter. The net profit before exceptional items of Airtel Africa stood at Rs 306.7 crore. The company had reported a net loss of Rs 609.9 crore in the same period a year ago.
Airtel started registering profits in the March quarter, marking a turnaround in its African business. Over the past three years, it
