Bharti Airtel on May 6 had reported a surprise 29% surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.
The company — whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani’s Reliance Jio — earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the previous fiscal.
This is the first rise in profit after several quarters for the company. Revenue soared 6.2% to Rs 20,602.2 crore for the three months ended March 31, 2019.
The firm had an exceptional income gain of Rs 2,022.1 crore in the quarter, it said in a regulatory filing to stock exchanges.
Hype over congrats if u sold earlier
Reply to @Noctis : Sold at $3.47 and waiting for $3 or lower to buy back.
Huat ah !
congrats to those vested. 3.51 already
Reply to @relaxguys75 : HUAT ar!!!
Singtel's biggest Indian baby earning surge 29%, the tide has turned for Singtel. Looking forward to more surges from Singtel....😜
Bharti Airtel on May 6 had reported a surprise 29% surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.
The company — whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani’s Reliance Jio — earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the previous fiscal.
This is the first rise in profit after several quarters for the company. Revenue soared 6.2% to Rs 20,602.2 crore for the three months ended March 31, 2019.
The firm had an exceptional income gain of Rs 2,022.1 crore in the quarter, it said in a regulatory filing to stock exchanges.
@exon...many took profits already
Reply to @lynlynnakamori : Sold Singtel to Instinet :)