Bharti Airtel Q2 results: Net profit slips 37.5% over one-time charges

Hurt by a one-time charge, Bharti Airtel on Tuesday reported a 37.5 per cent drop in consolidated net profit (attributable to owners) for the second quarter (July-September) of FY24, falling to Rs 1,340.7 crore from Rs 2,145.2 crore a year ago. Sequentially, the net profit declined nearly 17 per cent from Rs 1,613 crore.

Driven by strong 4G and 5G customer additions, the telecom service provider’s consolidated revenue for Q2FY24 came in at Rs 37,044 crore, marking a 7.3 per cent increase on a year-on-year (Y-o-Y) basis. But vis-à-vis Q1FY24, net sales were down a little over 1 per cent. Other income in the quarter under review stood at Rs 330 crore.