Tuesday, January 24, 2017

Jio effect : Bharti Airtel's voice has become feeble in q3

Bharti Airtel has posted a net profit after of Rs. 504 cr for the quarter ended December 31, 2016 as compared to Rs. 1108 cr for the quarter ended December 31, 2015. 

The total income has decreased from Rs. 24103 cr for the quarter ended December 31, 2015 to Rs. 23415 cr for the quarter ended December 31, 2016.

The company felt the full impact of Jio's competition this quarter. 

The stock is likely to tank 4 / 5 % in tomorrow's trading.

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