Bharti Airtel fell 1.88% to Rs 290.30 at 9:23 IST on BSE after consolidated net profit fell 57.48% to Rs 249.20 crore on 6.22% decline in net sales to Rs 20422.50 crore in Q2 September 2018 over Q2 September 2017.
The result was announced after market hours yesterday, 25 October 2018.Meanwhile, the S&P BSE Sensex was down 212.64 points, or 0.63% to 33,477.45.
On the BSE, 47,000 shares were traded in the counter so far compared with average daily volumes of 16.26 lakh shares in the past two weeks. The stock had hit a high of Rs 302 and a low of Rs 287.20 so far during the day. The stock hit a 52-week high of Rs 565 on 3 November 2017. The stock hit a 52-week low of Rs 277 on 22 October 2018.
Consolidated EBITDA fell 20.7% to Rs 6343 crore in Q2 September 2018 over Q2 September 2017. Consolidated EBITDA margin decreased to 31.1% in the quarter as compared to 36.8% in the corresponding quarter last year.
Consolidated mobile data traffic at 2,758 billion MBs in the quarter has registered a healthy year-on-year growth of 225%.
Average revenue per user (ARPU) of the company declined 28.80% to Rs 101 for the quarter ended 30 September 2018. The figure stood at Rs 142 in the same period last year.
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Consolidated net debt for the company has increased by Rs 10301.40 crore to Rs 113204.20 crore as compared to Rs 102902.80 crore for the previous quarter.
Bharti Airtel is a leading global telecommunications company with operations in 16 countries across Asia and Africa.
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