(*54*) of Bharti Airtel rose by 4 per cent following the corporate’s announcement of a 54 per cent surge in consolidated net profit to Rs 2,442.2 crore through the December quarter.
The inventory rose by 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
In its regulatory submitting, Bharti Airtel reported a consolidated net profit of Rs 2,442.2 crore for the December quarter, in contrast to Rs 1,588.2 crore within the corresponding interval final yr.
Despite the devaluation of African currencies, the corporate’s consolidated income from operations within the third quarter of the fiscal yr grew by 5.8 % to Rs 37,899.5 crore from Rs 35,804.4 crore in the identical interval final yr.
Gopal Vittal, Managing Director of Bharti Airtel, highlighted that the income from the India enterprise continued to keep its momentum, rising sequentially by 3 %. However, the consolidated income was impacted by the devaluation of the Nigerian Naira and the Malawian Kwacha.
“Revenue from India business sustained its momentum and grew sequentially by 3 per cent, while consolidated revenue was impacted by the devaluation of the Nigerian Naira and Malawian Kwacha,” Bharti Airtel Managing Director Gopal Vittal stated in an announcement.
(With PTI inputs)
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