Shares of Bharti Airtel rose over 5 percent as investors cheered better than expected March quarter numbers for the telecom major.
Its shares touched a high of Rs 419.40 on the BSE against its previous close of Rs 406.10.
The company on Tuesday Reported a profit of Rs 83 Crore for the March quarter against analysts’ estimates of a loss by the firm. The profit has dipped by 78 per cent against Rs 373 crore that the firm reported during the same quarter last year. In the previous quarter, it had reported a profit of Rs 306 crore, implying a dip of 72 per cent.
At an operating level, the EBITDA fell 7 percent (down 12 per cent year-on-year) at Rs 7,034 crore against Rs 7,587 crore QoQ, while the operating margin came in at 35.8 per cent, down from 37.3 per cent QoQ. The margin was reported at 36.4 per cent in Q4 of FY17.
Its India revenues were reported 13 per cent lower YoY at Rs 14,796 crore, while the India EBITDA is reported at Rs 5,237.2 crore, down 22 per cent YoY. The operating margin is reported at 35.4 per cent, down 390 basis points year-on-year.
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