Bharti Airtel share price gained as much as 2 per cent in the early trade on Monday after the company’s reported a rise of 10 per cent year-on-year in a consolidated net profit.
(Photo: Reuters)
Bharti Airtel share price gained as much as 2 per cent in the early trade on Monday after the company’s reported a rise of 10 per cent year-on-year in a consolidated net profit.
At 10.00 am, Bharti Airtel shares were trading 0.29 per cent up at Rs 359.80 apiece. The scrip opened at Rs 365 and had touched a high and low of Rs 366 and Rs 356.15, respectively, in trade. Sensex was up 0.22 per cent at 27,530.16.
The company has reported 10.09 per cent rise in its consolidated net profit at Rs 1,522.70 crore for the quarter ended September 30, 2015 as compared to Rs 1,383.20 crore for the same quarter in the previous year. Total income (consolidated) of the company has increased by 4.33 per cent at Rs 23,851.90 crore for quarter under review as compared to Rs 22,861.70 crore for the quarter ended September 30, 2014. Analysts on average expected the company to post a net profit of Rs 1,150 crore, according to Thomson Reuters data.
On a standalone basis, the company reported 54.96 per cent fall in its net profit at Rs 2,223.70 crore for the quarter ended September 30, 2015 as compared to Rs 4,937.30 crore for the same quarter in the previous year. The company’s total income decreased by 4.91 per cent to Rs 15,911.90 crore for the quarter under review from Rs 16,733.60 crore for the corresponding quarter of the previous year.
The net debt of the company at the end of September 30 stood at Rs 70,777 crore.
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