Tuesday, Sep 29, 2020 | Last Update : 07:36 AM IST

188th Day Of Lockdown

Maharashtra1339232103001535571 Andhra Pradesh6756746050905708 Tamil Nadu5808085251549313 Karnataka5755664622418582 Uttar Pradesh3870853258885594 Delhi2711142366515235 West Bengal2474252169214781 Odisha209374173571850 Telangana1872111564311107 Bihar178882164537888 Kerala175385117917678 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   Companies  24 Apr 2018  Airtel Q4 net profit tumbles 78 per cent to Rs 83 crore

Airtel Q4 net profit tumbles 78 per cent to Rs 83 crore

PTI
Published : Apr 24, 2018, 7:26 pm IST
Updated : Apr 24, 2018, 7:26 pm IST

Total revenue for FY2017-18 stood at Rs 83,688 crore, down by 12.3 per cent than the previous financial year.

Bharti Airtel on Tuesday posted about 78 per cent drop in its consolidated net profit at Rs 83 crore for the quarter ending March 2018, hurt by fierce tariff war and cut in international termination charges.
 Bharti Airtel on Tuesday posted about 78 per cent drop in its consolidated net profit at Rs 83 crore for the quarter ending March 2018, hurt by fierce tariff war and cut in international termination charges.

New Delhi: Bharti Airtel on Tuesday posted about 78 per cent drop in its consolidated net profit at Rs 83 crore for the quarter ending March 2018, hurt by fierce tariff war and cut in international termination charges.

The Sunil Bharti Mittal-led telecom firm had registered a net profit of Rs 373 crore in the same period a year ago.

 

Total revenue dropped by 10.5 per cent to Rs 19,634 crore in the fourth quarter of 2017-18 compared to Rs 21,935 crore in the corresponding period last fiscal, according to a company statement.

"The telecom industry continues to witness below cost, artificially suppressed pricing. Industry revenues were further adversely impacted this quarter due to the reduction in international termination rates," Gopal Vittal, MD and CEO - India & South Asia, Bharti Airtel said in a statement.

For the full financial year that ended in March 2018, Airtel's net profit came in at Rs 1,099 crore, over 71 per cent lower than Rs 3,800 crore logged in FY2016-17.

 

Total revenue for FY2017-18 stood at Rs 83,688 crore, down by 12.3 per cent than the previous financial year, said the company which competes with operators like Vodafone, Idea Cellular and newcomer Reliance Jio in the highly-competitive telecom market in India.

Tags: bharti airtel, tariff war, sunil bharti mittal, revenue, telecom market
Location: India, Delhi, New Delhi