Bharti Airtel net profit down 20% sequentially

Bharti Airtel’s net profit on Monday declined 20 per cent quarter-on-quarter to Rs 1,607 crore (after exceptional gain) during the April-June quarter.

The company’s consolidated revenues on a sequential basis was up 4 per cent at Rs 32,805 crore. Bharti’s consolidated Ebitda came at Rs 16,604 crore and was up 4 per cent compared to the preceding quarter aided by tariff hikes. Ebitda margin expanded to 50.6 per cent against 49.1 per cent in the preceding quarter. The company’s India revenues was also up 3.64 per cent sequentially to Rs 23,319 crore while mobile revenues were up 3.42 per cent quarter-on-quarter to Rs 18,220 crore.