Forex gain lift Bharti Q3 numbers; net up 30% at Rs 1215cr

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Forex gain lift Bharti Q3 numbers; net up 30% at Rs 1215cr

Bharti Airtel has announced its third quarter numbers. The company's net profit increased by 30% to Rs 1215 crore compared to Rs 933.8 crore in the previous quarter.

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Bharti Airtel has announced its third quarter numbers. The numbers are above street expectations.

The company's net profit increased by 30% to Rs 1215 crore compared to Rs 933.8 crore in the previous quarter.

Its revenues was up 12.4% at Rs 4,913 crore (Rs 49.13 billion) from Rs 4,375.1 crore (Rs 43.75 billion) QoQ.

The EBITDA margin stood at 40.8%, which is highest ever in the industry.

Bharti's ARPU declined to Rs 427 versus Rs 438 QoQ. The minutes of usage stood at 467 versus 451.

Its mobile segment margins improved to 37.6% compared to 36.9% in the previous quarter.

Bharti gained forex  of Rs 219 crore, Adjusted for 25% tax on the forex gain, net income works out to be Rs 1050.6 crore.

According to the CNBC-TV18 estimates, its Q3 net profit was expected to go up by 13% at Rs 1055.1 crore (Rs 10.55 billion) versus Rs 933.8 crore  (Rs 9.33 billion).

The company is anticipated to post revenue of Rs 4887.4 crore (Rs 48.87 billion) against Rs 4375.1 crore (Rs 43.75 billion), up 12%.