HT TECH wants to start sending you push notifications. Click allow to subscribe

Bharti Airtel Posts Profit Miss as 5G Rollout Gets Underway

Bharti Airtel Ltd. reported a lower-than-expected quarterly profit, flagging a headwind for India’s No.2 wireless operator .

By: BLOOMBERG
Updated on: Nov 01 2022, 01:52 IST
Bharti Airtel Ltd. reported a lower-than-expected quarterly profit. (Bloomberg)
Bharti Airtel Ltd. reported a lower-than-expected quarterly profit. (Bloomberg)

Bharti Airtel Ltd. reported a lower-than-expected quarterly profit, flagging a headwind for India’s No.2 wireless operator as it begins to roll out 5G services across the country.

The carrier, led by billionaire Sunil Mittal, posted a 90% jump in net income of 21.5 billion rupees ($260 million) for the quarter ended Sep. 30, according to an exchange filing Monday. But it missed the 25.44 billion-rupee average profit estimated by analysts in a Bloomberg survey.

You may be interested in

Mobiles Tablets Laptops
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹156,900
Check details
28% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹107,999₹149,999
Buy now
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
₹106,998
Check details
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹87,900
Check details
21% OFF
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹58,990₹74,999
Buy now
41% OFF
Acer Aspire 5 A515 57G Laptop
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹52,990₹89,999
Buy now
41% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹34,490₹57,999
Buy now
40% OFF
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹31,350₹51,990
Buy now
35% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹25,999₹39,999
Buy now
55% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹47,000
Buy now
32% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹19,668₹28,999
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹16,998
Check details

Revenue rose 22% to 345.3 billion rupees, beating estimates. Total costs advanced 17% to 169.3 billion rupees compared with the same period last year, the filing said.

Also read: Looking for a smartphone? To check mobile finder click here.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 01 Nov, 01:52 IST

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
10% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹80,990₹89,900
Buy now
36% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹18,699₹28,999
Buy now
31% OFF
Samsung Galaxy Tab A7 Lite
  • Silver
  • 3 GB RAM
  • 32 GB Storage
₹9,990₹14,500
Buy now
15% OFF
Samsung Galaxy Tab S9 5G 256GB
  • Graphite
  • 8 GB RAM
  • 256 GB Storage
₹96,421₹113,798
Buy now
37% OFF
Wishtel IRA T811
  • 4 GB RAM
  • 64 GB Storage
₹11,999₹18,999
Buy now
23% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹22,990₹29,990
Buy now
27% OFF
Asus ROG Strix G15 G513QM HF318TS Laptop
  • Eclipse Grey
  • 16 GB RAM
  • 1 TB SSD
₹84,990₹115,990
Buy now
39% OFF
Asus TUF Gaming F15 FX506HF HN026W Laptop
  • Black
  • 8 GB RAM
  • 1 TB SSD
₹55,600₹90,990
Buy now
23% OFF
Asus ROG Strix SCAR II GL504GV ES019T Laptop
  • Gun Metal
  • 16 GB RAM
  • 1 TB HDD
₹199,990₹259,990
Buy now
NEXT ARTICLE BEGINS