Emkay expects Bharti's underlying momentum to remain intact through mix improvement, resulting in lowest wireless revenue decline of 2 per cent
Management commentary on the timing of tariff hikes and outlook on spectrum investments including renewals will be among the key things to watch in Airtel's results
Last week, Bharti Airtel's Africa operations, Airtel Africa, posted an 8.8 per cent YoY fall in net profit to $88 million in the quarter ended September
Consolidated revenue rose to Rs 23,939 crore in the three months ended June 30, compared with Rs 20,738 crore a year ago
However, Airtel posted a net loss of Rs 1,035 crore for the quarter, as it provisioned for the interest accrued on account of AGR payment
The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector.
Operating performance improved sharply but net loss at Rs 23,045 is the third highest by an Indian corporate in a quarter
The company released its operating highlights for the three months ended September 2019 in a regulatory filing to the BSE, but postponed the release of its Q2 earnings to November 14
The Telecom Regulatory Authority of India (Trai) reduced domestic mobile termination charge (MTC) from 14 paise per minute to 6 paise per minute from October 1, 2017
Airtel's net profit was Rs 3.73 billion in the same quarter last financial year
Bharti Airtel had earned net profits of Rs 1,319 crore in the corresponding quarter of 2015-16.
Telecom sector has seen a massive churn in past few months with the entry of Reliance Jio