Bharti Airtel Q2 net falls 5.4% to Rs 721 cr

Written By Unknown on Rabu, 07 November 2012 | 10.54

India's largest telecom operator Bharti Airtel has disappointed the street by reporting lower than expected net profit numbers but revenues and EBITDA margin came in higher than expectations. Consolidated net profit fell by 5.4 percent quarter-on-quarter to Rs 721.2 crore in the second quarter of current financial year.

The reason behind the fall in net profit was additional charge of tax of Rs 56 crore for the quarter.

Consolidated revenues rose by 4.8 percent to Rs 20,273.2 crore from Rs 19,350.1 crore during the same period.

Analysts on an average had expected net profit of Rs 831 crore on revenues of Rs 19,512 crore for the quarter.

Earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved by 108 basis points QoQ to 31.3 percent in the three months period ended September 2012. Analysts had forecast of 30.31 percent.



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