Bharti Airtel Fourth-Quarter Net Profit Rose 50%
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Dow Jones
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.-
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