NEW DELHI: Telecom operator Bharti Airtel has posted a five-fold jump in consolidated net profit at Rs 11,022 crore in the March 2025 quarter, primarily due to tariff hikes and a one-time gain on tax benefits.
Bharti Airtel had posted a net profit (attributable to owners of the parent company) of Rs 2,071.6 crore a year ago.
During the reported quarter, Bharti Airtel received favourable orders in certain tax-related matters, which helped it with a one-time tax benefit of around Rs 5,913 crore.
The company’s operational revenue grew 27 per cent to Rs 47,876.2 crore from Rs 37,599.1 crore in the March 2024 quarter.
Airtel India’s standalone revenue in the March quarter grew 15 per cent to Rs 36,735 crore against Rs 31,851.5 crore a year ago.
The company benefited from the tariff hike, which was announced in July last year.
The average revenue per user, a key matrix of a telco’s business, grew 17 per cent to Rs 245 from Rs 209 a year earlier.
GAIL net down 6%
GAIL (India) Ltd on Tuesday reported a 6 per cent drop in its March quarter net profit on losses in the petrochemical business and lower gas marketing margins.
Net profit of Rs 2,049.03 crore compared with Rs 2,176.97 crore earning a year back and Rs 3,867.38 crore profit in the preceding October-December 2024 quarter.
GSK Pharma
GlaxoSmithKline Pharmaceuticals’ consolidated net profit increased 36 per cent to Rs 263 crore during the March quarter against Rs 194 crore in the year-ago period.
PTI