Q4 Rs 576.10 crore profit for Airtel
Gains from exceptional item aided telecom major Bharti Airtel to post ...
Gains from exceptional item aided telecom major Bharti Airtel to post a rise of 37.5 percent in its total consolidated net profit for the January-March quarter, on an year-on-year (YoY) basis. The total consolidated net profit (profit attributable to owners and non-controlling interest) of the company stood at Rs 576.10 crore during the fourth quarter (Q4) of financial year 2018-19, against Rs 419 crore reported during the corresponding period of the previous fiscal, Airtel said in a statement.
“Exceptional item during the quarter ended March 31, 2019 mainly comprises...credit of Rs 2,052.2 crore pertaining to re-assessment of levies, based on a recent pronouncement related to the manner of determination of such levies,” the company said in a statement.