Bharti Airtel Sheds Over 1% Post March Quarter Results

Edited by Peter Noronha

18 May 2021, 11:11 AM IST

At 11:00 am, Bharti Airtel shares were trading lower by 1.39 per cent on the BSE

Bharti Airtel shares have lost more than 1 per cent to emerge as the sole loser among the BSE-30 pack post the March quarter results. After market hours on Monday, the telecom giant reported a consolidated net profit of Rs 759 crore for the period ended March 31, 2021 due to robust customer addition and spurt in home business segment arising from corona virus-induced lockdowns in several parts of the country. At 11:00 am, Bharti Airtel shares were trading at Rs 541.90, lower by 1.39 per cent, on the BSE.

Bharti Airtel's revenues from operations rose 12 per cent to Rs 25,747 crore for the March quarter from Rs 23,018 crore in the year-ago period.

The BSE Sensex was trading higher by 632.55 points or 1.28 per cent and NSE Nifty was up 190.05 points or 1.285 per cent at the time.