Bharti Airtel Q2 web revenue at Rs 1,134 crore

Bharti Airtel on Tuesday beat Street estimates on the again of one-time spectrum sale acquire and tariff will increase undertaken in August. The telco’s Q2 consolidated web revenue jumped 300 per cent quarter-on-quarter at Rs 1,134 crore, aided by a one-time acquire of Rs 722 crore on account of spectrum sale to Reliance Jio. Net revenue earlier than the one-time acquire was Rs 594 crore.
Airtel’s consolidated income on a sequential foundation was up 6 per cent at Rs 28,326 crore. Its consolidated Ebitda at Rs 14,018 crore was up 6.2 per cent in comparison with the previous quarter. FE