Bharti Airtel shares jump nearly 13% a day after telco narrows Q2 loss to Rs 763 crore

Bharti Airtel NSE 0.74 % shares jumped as much as 13% in early trade Wednesday, a day after the Sunil Mittal-led telco narrowed its consolidated net loss to Rs 763 crore in the September quarter, posting record consolidated revenue boosted by the continued recovery of its India business.

India’s no. 2 telco saw its sixth straight quarterly loss after higher finance costs and a one-time charge. Revenue, though, at Rs 25,785 crore, was up 22% on-year in the July-September period, a seasonally weak quarter for the telecom sector.