InvestorQ : What explains the sharp surge in the profits of Bharti Airtel in the Sep-21 quarter?
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What explains the sharp surge in the profits of Bharti Airtel in the Sep-21 quarter?

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sarah Leo answered.
1 month ago
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Bharti Airtel reported 13.03% growth in revenues at Rs.28,326 crore and a turnaround from losses to profits of Rs.1,134 crore in the Sep-21 quarter. India mobile services grew 9.8% at Rs.15,131 crore, while Africa mobile revenues grew 19.9% at Rs.8,592 crore.

The turnaround to profits was on account of a sharp fall in access charges by -43% at Rs.1,671 crore. Bharti also recorded exceptional gains of Rs.722 crore in the second quarter on account of transfer of spectrum rights to another operator. Net margins stood at 4.00%.

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