Tuesday, May 7, 2019

Exceptional one time credit help Bharti Airtel to post Rs 576 Cr net

 Bharti Airtel on Monday reported a consolidated profit of Rs 576 crore, a jump of 37 per cent during the fourth quarter ended March 31, as compared with Rs 419 crore in the corresponding period last year.
The net profit  was bolstered by a one-time exceptional credit of Rs 2,168 crore arising from re-assessment of levies, based on a recent pronouncement.
The consolidated revenue of the company also rose by six per cent YoY to Rs 20,602 crore during the quarter as against Rs 19,394 crore in January-March 2018.

No comments:

Post a Comment