What was Bharti Airtel's profit increase for the quarter ending December 31?

Bharti Airtel's consolidated pre-tax profit rose by 34.4% to 125.58 billion rupees for the quarter ending December 31.

What drove Bharti Airtel's profit growth?

The profit growth was driven by subscribers upgrading to higher-margin telecom plans and a steady increase in the customer base.

Did Airtel's prior year profit include exceptional gains?

Yes, Airtel's year-ago profit included a net exceptional gain of 75.5 billion rupees, mainly from a higher valuation of its stake in Indus Towers.

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Airtel's Profit Soars on Customer Upgrades

5 Feb

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Summary

Bharti Airtel reported a 34.4% profit increase for the quarter.
Subscriber upgrades to higher-margin plans fueled growth.
Customer base expansion contributed to the profit rise.

Airtel's Profit Soars on Customer Upgrades

Bharti Airtel, India's second-largest mobile operator, achieved its seventh consecutive quarterly profit increase, signaling robust financial health. The company's consolidated pre-tax profit experienced a significant rise of 34.4%, reaching 125.58 billion rupees for the fiscal quarter ending December 31.

This commendable financial performance is largely attributed to customers migrating towards higher-margin telecom plans. Simultaneously, Airtel has observed a steady expansion in its overall customer base, further contributing to its profitability.

For the same quarter in the prior year, Airtel's profit included a substantial exceptional gain of 75.5 billion rupees. This gain was primarily derived from an enhanced valuation of the company's investment in Indus Towers, a telecom infrastructure provider.

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