Bharti Airtel Q4FY24 net profit fell 31% on-year amid Africa forex woes

New Delhi: Bharti Airtel’s consolidated fourth-quarter net profit fell 31% from a year ago after its Africa business was hit by devaluation of the Nigerian naira. Its India operation, dominated by its phone unit, posted robust numbers on the back of strong growth in 4G and 5G users, who boosted consumption.