Airtel Q2 profit up 89% on more 4G users, lower SUC

Kolkata: Bharti Airtel’s consolidated net profit for the fiscal second quarter rose by 89% to Rs 2,145.2 crore, on the back of strong addition of 4G users who consumed more data, lower spectrum usage charges (SUC) and a one-time gain.

But India’s second-largest telco’s bottom line, which rose 33.5% sequentially, still missed street estimates amid slowing overall customer additions, higher forex fluctuations, and lower profits from associates, said analysts.