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Bharti Airtel reports 31% fall in Q1 consolidated net profit

28 Jul 2016 Evaluate

Bharti Airtel has reported results for the first quarter ended June 30, 2016.

The company has reported 30.29% fall in its net profit at Rs 1427.50 crore for the quarter ended June 30, 2016 as compared to Rs 2047.80 crore for the same quarter in the previous year. However, the company’s total income increased by 10.33% to Rs 16389.80 crore for the quarter under review from Rs 14855.90 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 30.82% fall in its net profit after taxes and minority interest at Rs 1462.00 crore for the quarter ended June 30, 2016 as compared to Rs 2113.20 crore for the same quarter in the previous year. However, total Income of the company increased by 7.99% to Rs 25572.90 crore for the quarter under review from Rs 23680.80 crore for the same quarter ended June 30, 2015.

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