Comments
Bharti Airtel scrip today plunged over 4 per cent as the company’s net profit declined 37 per cent for the first quarter ended June 30, 2012 — the tenth straight quarterly fall.
Following the disappointing set of numbers, the shares fell 4.4 per cent to Rs 280.85 on the BSE. On the NSE, the scrip lost 4.49 per cent to Rs 280.60.
The stock was the worst performer among the BSE 30 blue-chip Sensex scrips in the early trade.
Bharti Airtel’s net profit fell 37 per cent to Rs 762.2 crore for the first quarter ended June 30, 2012 against Rs 1,215.2 crore in the same period last fiscal, the company said in a statement.
Total revenues were, however, up by 14 per cent to Rs 19,350 crore in the quarter against Rs 16,975 crore in Q1 FY’12, marked by 31.5 per cent growth in Africa and 44.2 per cent increase in mobile data revenues from India.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.