Bharti Airtel Fourth-Quarter Net Profit Rose 50%
By Ben Otto
Bharti Airtel said Tuesday that its fourth-quarter net profit rose 50% on higher revenue across almost all business lines.
The Indian telecom company said net profit for the quarter ended March rose to 30.06 billion rupees ($365.1 million) from INR20.08 billion a year earlier. That beat the estimate of INR28.62 billion from a poll of analysts by FactSet.
Fourth-quarter revenue was INR360.09 billion, up from INR315.00 billion a year earlier.
The bottom line was also helped by lower total tax expenses, while a greater proportion of profit was attributable to owners of the parent company.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
May 16, 2023 07:36 ET (11:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening In the Markets This Week
-
Can the Fed Declare Victory on Inflation?
-
After Earnings, Is Coinbase Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
Is ServiceNow Stock a Buy After Earnings and Its Investor Day?
-
3 Stocks to Buy and 3 Stocks to Sell After Earnings
-
Today’s Market Volatility Could Provide Tomorrow’s Opportunities
-
40 of the Best Investment Picks
-
Tech Stock Dividends Are Changing the Face of Dividend Growth Investing
-
Roblox Earnings: Weakening Engagement Has Weighed On Growth
-
The Best Gaming Stocks to Buy
-
Energy Transfer Earnings: M&A Drives Guidance Increase In Solid Quarter
-
The Best Healthcare Stocks to Buy
-
Going Into Earnings, Is Home Depot Stock a Buy, a Sell, or Fairly Valued?