01-01-1970 12:00 AM | Source: Reuters
India`s Bharti Airtel swings to quarterly profit
News By Tags | #51 #1302 #572 #276

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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.