India`s Bharti Airtel swings to quarterly profit
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BENGALURU - Indian telecom firm Bharti Airtel Ltd swung to a quarterly profit on Monday as it added more subscribers and saw increased data usage, helped by pandemic-led remote working trends.
The country's second-largest telecom operator posted a consolidated profit of 7.59 billion rupees ($103.62 million) for the quarter ended March 31, compared with a loss of 52.37 billion rupees a year earlier.
New Delhi-based Bharti Airtel's revenue from operations for the quarter was 257.47 billion rupees, nearly 12% higher from 230.19 billion rupees the previous year.
