India’s largest telecom service provider Bharti Airtel’s net profit dropped 9.6 percent during the first quarter (April-June) of fiscal 2013-14, a company release said here Wednesday. It has clocked a net profit of Rs 688.9 crore for the first quarter, compared to Rs 762.2 crore during the corresponding period last fiscal. This is the 14th consecutive fall in the company’s quarterly net profit. Also Read - Jio maintains lead in 4G download speed, Vi in upload in May: TRAI
“Our results for the quarter reflect the overall stability of our operations and demonstrate the potential for growth, particularly seeing robust data growth across all geographies. Results for Airtel India reflect rationality returning to the sector, which needs to be complemented by a more enabling regulatory environment for a deeper penetration of telecom and broadband services,” Sunil Bharti Mittal, Chairman, Bharti Airtel Limited, said in the statement. Also Read - Airtel launches new Rs 456 prepaid plan: Check data, validity, call and other benefits
However, the company’s total income was up 9.3 percent at Rs 20,299.5 crore for the first quarter against Rs 18,570.3 crore during the corresponding period last fiscal.
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