Bharti Airtel Q4 net profit up 29% at Rs 107 crore; revenue rises 6.2%

Telecom operator Bharti Airtel Monday reported a surprise 29 per cent surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.

The company — whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani’s Reliance Jio — earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the previous fiscal.

This is the first rise in profit after several quarters for the company. Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.