Bharti Airtel's July-Sep quarterly results beat the estimates with an all-round performance.
Bharti Airtel's July-Sep quarterly results beat the estimates with an all-round performance. Bharti Airtel announced its growth performance for the second quarter that ended September 30. The company recorded its highest ever consolidated quarterly on the back of a rise in data usage and higher realizations. The company's total income increased by 22 percent, whereas mobile services' revenues also increased by 26 percent. India's mobile metrics logged improvement in key areas like growth in total subscribers without ARPU dilution and 4G additions.
Goldman Sachs termed Airtel's Q2 as 'another solid quarter' and noted that the telco surpassed estimates, both on topline and operating profit level. The company is expected to put up a strong show for the next quarter, too, as top brokerages said the quarter performance was above estimates and commendable.
Copied!