Bharti Airtel profit tanks 31% on Nigerian Naira woes

[{"selector":"#anim-e344fe84-ad27-4466-b2d2-a00aba84c39e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab1039df-5d8e-4803-88bf-118fb53f7327","keyframes":{"transform":["translate3d(-117.2078%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c538158b-5bfc-4e4a-984e-7cf712643749","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61e70c69-1c6f-40a6-91f3-7a4e6984bf7a","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Telecom operator Bharti Airtel on Tuesday posted a 31 per cent drop in consolidated profit to Rs 2,072 crore in the March quarter mainly due to devaluation of the Nigerian Naira.

[{"selector":"#anim-c25d09f5-d722-4d1b-b388-5ebdebf39070 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.169793524956056%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c4b059e7-f20a-4716-a8c9-7dd1439da692","keyframes":{"transform":["translate3d(-117.2078%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d32e6dd9-862b-4212-baa5-ae4ad9bad641","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25368820-803c-4258-a154-a8a4c4f46b9b","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The company had registered a profit of Rs 3,005.6 crore in the year-ago period.

[{"selector":"#anim-2240025b-1b71-4a7e-9509-ff846140e4fb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-16.671874795539097%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-6c7e6b32-756a-49d9-8142-f1c8e8fb5593","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0d2b3a3-314a-4701-8cce-e640c72bd909","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-137a09ac-f780-43d1-964d-0e0b633e5fe1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The consolidated revenue of operations increased 4.4 per cent to Rs 37,599.1 crore during the quarter under review from Rs 36,009 crore a year earlier.

[{"selector":"#anim-5d1d7c75-b721-4754-954a-be0b42fa8b54 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9fbd5139-29a1-4a4b-b077-dde7ddea8841","keyframes":{"transform":["translate3d(-117.2078%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cf8f9fc9-b82e-42b7-aef2-bca1bb488f16","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a514fb50-4bb6-4f85-ac90-8b52df77f2a2","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] "Consolidated performance was impacted primarily by the devaluation of the Nigerian Naira.

[{"selector":"#anim-3a40c291-3efc-4402-8942-68cf2c4ab331 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-18.28285730847422%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f3c8f250-d92e-4437-95b4-86ba5e8373b9","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2a5139e1-4d41-4275-a3f7-5198351a5c65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7b4f2db-8976-4a02-8fb7-fcaf3dd9bdcd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] "We added 7.8 million smartphone customers and delivered an industry leading ARPU of Rs 209," Bharti Airtel managing director Gopal Vittal said.

[{"selector":"#anim-92d011f0-8e95-4819-b22e-f7fdeed2bbd7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-18.874999808881974%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-85a2366a-dba2-4fb4-92ac-835a02ad5185","keyframes":{"transform":["translate3d(-116.55844%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-036252c2-77a4-4418-a52c-9b4951af52b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6460f8d5-1c98-454b-8f41-6ae69af420bd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Airtel suffered a forex loss of Rs 2,544.4 crore on account of currency devaluation.

[{"selector":"#anim-3e09d57d-7594-4bf7-bf5e-1e91a7187da4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-32.692307587285285%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-bbb35a23-dcc7-47a4-98c0-20f9e143e52a","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-782b125b-9794-477b-953c-c8efc59c7f7c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-be6bd126-220d-4ab5-85c1-bc9495dd82d1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] During the reported quarter, the company acquired a 97.12 per cent stake in Beetel Teletech for Rs 658 crore.

[{"selector":"#anim-5906fc0d-810b-4a08-8c8e-ef10d6e07d49 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-43.62499996356948%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-b6376bc9-6a47-41df-80cc-9651d416bfa0","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2555d7a5-805d-4abc-bcb0-eb81132cdb2e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57085d58-8171-48cf-b539-e97345812be1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] For the year ended March 31, 2024, Bharti Airtel's profit dropped 10.5 per cent to Rs 7,467 crore.

[{"selector":"#anim-bd16bebf-8c44-4ef2-b5d4-7ba7286359c9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.7615803973934128%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a76be39a-ca32-4dab-9a41-8c229c842fdd","keyframes":{"transform":["translate3d(-116.88312%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f21fa342-13b6-411f-a0a9-a3728649f036","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d16cff26-97d4-4f3b-acf2-4316c15db8c1","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The annual revenue from operations of the company rose 7.7 per cent to Rs 1,49,982.4 crore during the reported fiscal from Rs 1,39,144.8 crore in 2022-23.