The profit surge was on the back of an exceptional item of 75.5 billion rupees that includes profit from an enhanced stake in Indus Towers and forex gains among others.
Bharti Airtel, led by billionaire Sunil Mittal, reported a larger-than-expected quarterly profit, boosted mostly by one-time gains and the higher user fees it imposed in July.
India’s No 2 wireless carrier, posted a 506% jump in net income to 147.8 billion rupees (US$1.7 billion) for the quarter ended Dec 31, 2024 compared with the same period last year, according to a filing Thursday. That beat the average 50.2 billion-rupee profit estimated by analysts in a Bloomberg survey.
