Airtel will announce its earnings for the March quarter today. In the December quarter, Airtel’s profit had plunged 72% to ₹86 crore from ₹306 crore a year earlier. Kotak Institutional Equities expects a modest 1% sequential uptick in Airtel’s revenue to ₹10,300 crore. Bharti Airtel’s Africa arm swung to a quarterly net profit from a year-earlier loss because of an increase in transaction value on its Airtel Money platform and higher data consumption on its network. The improved earnings is significant for Bharti Airtel’s Africa arm, which is gearing up for an initial public offering in June-July, while it also battles a bruising tariff war with rival Reliance Jio at home.

Source: Mint May 06, 2019 02:37 UTC