Lowest quarterly profit for Bharti Airtel in 15 years: Q4 net plunges 78%

Telecommunications sector leader, Bharti Airtel, has reported a 78 per cent drop in net profit to Rs 830 million, for the quarter ended March 31, as an intense price war roils the industry. A cut in international termination rates further impacted the revenues of the company.

This is the lowest quarterly profit for the Sunil Bharti Mittal-led company in nearly 15 years. But, it was still better than analysts’ estimates that suggested a net loss for the company. Airtel’s net profit was Rs 3.73 billion in the same quarter last financial year.

Total revenues of the company also dropped 10.5