India’s telecom czar has pulled it off again beating the street by a wide margin. Airtel has nearly doubled profits in the third quarter and of course investors are delighted.
Bharti was the only Sensex stock to close higher in a sea of red on Tuesday.
Bharti beats the street
Bharti Airtel reported a net profit of Rs 1,215 crore, a jump of 123 per cent year on year on account of a robust EBITDA margin of 40.8 per cent. However, contributing to this was a forex gain of Rs 219 crore.
