Airtel Q2 net falls 37.5% to Rs 1,341 cr

New Delhi: Telecom company Bharti Airtel on Tuesday reported a 37.5% drop in its consolidated net profit to Rs 1,341 crore for the second quarter ended Sept 30. The net profit stood at Rs 2,145 crore a year ago. For the just-ended quarter, the consolidated net income (before exceptional items) came in at Rs 2,960 crore, up by 44.2% year-on-year. The quarterly revenue rose 7.3% to Rs 37,044 crore, “backed by strong and consistent performance in India operations”, according to the company statement.

“Our India revenue continues to gain momentum and grew sequentially by 2.4 %. Our consolidated revenue, however, was impacted by the devaluation of the Nigerian Naira,” Bharti Airtel MD Gopal Vittal said.