Bharti Airtel back in black after 18 months with Rs 854 cr net profit in Q3

Nearly 18 months after it slipped into red, Bharti Airtel on Wednesday bounced back by reporting a net profit of Rs 854 crore for the third quarter ended December 31, 2020, helped mainly by a robust addition in its user base.

“Despite the unprecedented volatility that we have confronted through the year, we delivered another strong performance this quarter. This consistency in performance was across every part of our portfolio, as reflected in market share growth across all our business segments. The main highlight of the quarter was the 13 million 4G customers we added in our Wireless business. As a result, we grew our revenues by 25% over the same period last year and margins expanded,” Gopal Vittal, MD and CEO, India & South Asia, said.