Bharti Airtel has surged 3.3% at Rs 332, in otherwise weak market, after reporting a consolidated net profit at Rs 689 crore for the quarter ended June 30, 2013 (Q1), down 9.6% from year ago, roughly in line with average analyst estimates.
Revenues however, were up 9.2% at Rs 20,263 crore during the reported quarter against Rs 18,560 crore in a year ago quarter, the country’s largest telecom services provider said in a statement.
Analysts on an average had expected it to report net profit at Rs 700 crore on revenues of Rs 20,865 crore for the quarter.
Meanwhile, the company said the board has approved the sale/transfer of its Data Centre undertaking (Business) by way of slump sale to its newly incorporated wholly owned subsidiary Nxtra Data Limited.
The stock opened at Rs 313 and touched high of Rs 337 on BSE. A combined 4.22 million shares have changed hands on the counter till 1008 hours on BSE and NSE.
Revenues however, were up 9.2% at Rs 20,263 crore during the reported quarter against Rs 18,560 crore in a year ago quarter, the country’s largest telecom services provider said in a statement.
Analysts on an average had expected it to report net profit at Rs 700 crore on revenues of Rs 20,865 crore for the quarter.
Meanwhile, the company said the board has approved the sale/transfer of its Data Centre undertaking (Business) by way of slump sale to its newly incorporated wholly owned subsidiary Nxtra Data Limited.
The stock opened at Rs 313 and touched high of Rs 337 on BSE. A combined 4.22 million shares have changed hands on the counter till 1008 hours on BSE and NSE.
