Sharemasterindia.com: Shares in Bharti Airtel fell over one per cent to a day low of
rupee“>Rs. 400.50 on Friday despite a beat in Q2 net profit. Bharti reported a 24 per cent sequential jump in
its net profit to
Rs. 1,383 crore in the July -September quarter, while its revenue declined half a per cent sequentially to
Rs. 22,845 crore.
Analysts polled by NDTV had estimated its net profit at
Rs. 1,287 crore on sale of
Rs.
23,227 crore. Bharti, although beat street estimates on net profit but
its revenue missed street estimates by nearly 2 per cent mainly due to
disappointing performance in its Africa business which continued to lag
behind.
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