Airtel Q4 net profit rises 29 pc to Rs 107 crore; logs exceptional gain of Rs 2,022 cr

Telecom operator Bharti Airtel on Monday posted a surprise net profit of Rs 107.2 crore for the fourth quarter ended March 31, a growth of 29.3 per cent over the year-ago period, on the back of exceptional gain of Rs 2,022 crore.

The company’s revenue for March quarter was up 6.2 per cent year-on-year to Rs 20,602.2 crore, as per a regulatory filing by the firm.

For the full FY 2019, Airtel’s net profit tanked 62.7 per cent to Rs 409.5 crore compared to Rs 1,099 crore in the previous fiscal. During the period, the revenue of Sunil Mittal promoted company stood at Rs 80,780.2 crore, down 2.2 per cent, compared to Rs 82,638.8 crore.