Bharti Airtel Ltd. reported a lower-than-expected quarterly profit as gains from tariff hikes introduced in July failed to offset the drag from a one-time charge.

Bharti Airtel reported an over two-fold rise in its second-quarter profit on Monday, as the telecom operator's first tariff hike in over two years boosted its revenue per user. India's No.2 wireless carrier's consolidated net profit jumped 168% to 35.

Bharti Airtel Q2 Results Live : Bharti Airtel has announced its Q2 results for the financial year on October 28, 2024, showcasing significant growth in profitability and revenue. The company's topline surged by 11.96% year-on-year, while profit skyrocketed by an impressive 168.01% compared to the same period last year.

Despite the profit decline, Airtel's revenue rose by 8% to Rs 41,473.3 crore, surpassing the Bloomberg estimate of Rs 41,256 crore. Operating profit increased by 9% to Rs 21,846.2 crore, also exceeding expectations. The company's margin improved to 52.7%, up from 51.6% in the prior quarter.

Bharti Airtel reported a smaller-than-expected second-quarter profit on Monday, as the telecom operator's expenses outweighed gains from its first tariff hike in over two years. India's No.2 wireless carrier's consolidated net profit climbed 168% to 35.

Bharti Airtel on Monday posted a 168% growth in its net profit for the second quarter of the financial year, boosted by a hike in tariffs across the board during the quarter. What Happened: India’s fourth-largest company by market cap said it earned a consolidated profit attributable to owners of ₹3,