Bharti Airtel Q3 net profit plunges 72%, ARPU rises

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Bharti Airtel Q3 net profit plunges 72%, ARPU rises

Jan 31, 2019 20:25 IST

Bharti Airtel announced its third-quarter earnings and India's second largest telecom operator reported net profit of 86.2 crore rupees year on year against 306 crore rupees reported in the corresponding quarter last fiscal year. Net profit of Sunil Mittal's firm dropped 72% missing estimates of 990 crore rupees, but the company reported one-off gain of 1,413 crore rupees from de-consolidation of Airtel Payments Bank. Revenue rose 1% to 20,519 crore rupees. The average rate per user also rose for the operator providing a breather against competitor Reliance Jio.

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