At least six killed as suicide bombers attack two mosques in Nigeria
TMC MLA, MP ‘welcome’ order against Tapas Paul
Top news

Bharti Airtel good, Idea Cellular better

Revenues at the Sunil Mittal-promoted wireless carrier rose 13% to Rs 22,960 crore.

Mumbai | Published:July 30, 2014 9:13 am
Bharti Airtel reported a net income that was higher by 61% on-year at Rs 1,110 crore in the three months to June. Bharti Airtel reported a net income that was higher by 61% on-year at Rs 1,110 crore in the three months to June.

Bharti Airtel on Tuesday reported a net income that was higher by 61% on-year at Rs 1,110 crore in the three months to June, reports fe Bureau in Mumbai. Revenues at the Sunil Mittal-promoted wireless carrier rose 13% to Rs 22,960 crore, beating Bloomerg consensus estimates.

However, the firm’s performance in Africa, where it has operations in 17 countries, was modest. Last week, the K M Birla Group’s Idea Cellular had turned in a stellar set of numbers for the June quarter with margins in its 15 established circles hitting 34%.

The consolidated net income came in at Rs 730 crore, up 57% y-o-y, well ahead of estimates. Analysts, however, remain cautious about the entry of Reliance Jio into the market.

graph-airtel-idea

 

fe Bureau | The Financial Express

Express Adda