Friday, October 31, 2014

Bharti Airtel Falls Despite Profit Beat in Q2

51361813686_625x300 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.
Continue Reading

No comments:

Ace Investment Advisory - Latest News

Subscribe Now: Feed Icon

Share Tips,Nifty Future Tips,BSE,NSE Indian Stock Headline Animator