Sunil Bharti Mittal, the founder of Bharti Enterprises. Photo: AFP

India’s third-largest telecom company Bharti Airtel, which was badly hurt by the ongoing price war unleashed by Reliance Jio Infocomm, sprang a surprise by posting a net profit of 1.07 billion rupees (US$15.44 million) for the fourth quarter ended March 2019, beating analysts’ expectations.

During this quarter the company benefited from a one-time gain of 20.22 billion rupees ($29.17 million) and from its growth in the domestic wireless business. On a sequential basis, Bharti Airtel’s revenue from the domestic wireless business grew 4.1% to 106.32 billion rupees ($1.53 billion).

In this quarter Airtel lost its second position to Reliance Jio, while Vodafone Idea continued to be India’s largest telco.

The company reported consolidated revenue of 206.02 billion rupees ($2.97 billion), up 6.2% from the same quarter last financial year.

However, the annual profit fell 63% to 4.09 billion rupees ($59 million) for the year ended March 31 from 10.99 billion rupees ($15.85 million) in the previous year.

The September 2016 launch of low-cost tariff plans by Reliance Jio Infocomm, owned by India’s richest man, Mukesh Ambani,  forced rivals to drop their rates, hurting profit margins.

Smaller companies were forced to either close shop or get acquired, leaving just Airtel, Jio and the merged entity of Vodafone and Idea, apart from state-owned BSNL, to compete in the Indian market.

Join the Conversation


  1. You really make it seem really easy with your presentation but I to find this matter to be actually something that I think I’d
    never understand. It kind of feels too complicated
    and very vast for me. I’m having a look ahead for your subsequent put up, I will attempt to
    get the cling of it!

  2. Unquestionably believe that which you stated.

    Your favorite justification appeared to be on the internet the easiest thing to be aware of.
    I say to you, I certainly get annoyed while people consider worries that they just do not know about.
    You managed to hit the nail upon the top and defined out the whole thing without having side effect
    , people can take a signal. Will likely be back
    to get more. Thanks

  3. We stumbled over here different web address and thought I might check things out.
    I like what I see so now i’m following you.
    Look forward to exploring your web page again. natalielise

  4. I pay a quick visit daily some web pages and sites to read articles,
    except this webpage presents feature based writing.
    pof natalielise

  5. Excellent site you have here but I was curious if you knew of any forums that cover the same topics discussed here?
    I’d really love to be a part of community where I can get advice
    from other experienced individuals that share the same interest.
    If you have any recommendations, please let me know.
    Appreciate it!

  6. Hi, i read your blog from time to time and i own a similar one and i was
    just wondering if you get a lot of spam comments?
    If so how do you reduce it, any plugin or anything you can recommend?
    I get so much lately it’s driving me mad so any support is very much appreciated.

  7. With havin so much written content do you ever run into any issues
    of plagorism or copyright violation? My website has a
    lot of unique content I’ve either authored myself or outsourced
    but it looks like a lot of it is popping it up all over the internet without my agreement.
    Do you know any solutions to help prevent content
    from being ripped off? I’d genuinely appreciate it.

  8. Having read this I thought it was rather enlightening.
    I appreciate you finding the time and effort to put
    this information together. I once again find myself personally spending a lot of time both reading and leaving comments.

    But so what, it was still worth it!

  9. Today, I went to the beach with my kids. I found a sea shell and gave it to my 4 year old
    daughter and said “You can hear the ocean if you put this to your ear.” She placed the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her ear. She never wants
    to go back! LoL I know this is entirely off topic
    but I had to tell someone!

  10. I am now not positive where you’re getting your information, but good topic.
    I needs to spend some time finding out more or understanding more.
    Thanks for great information I was in search of this info for my mission.

  11. Hey there! Do you know if they make any plugins to assist
    with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not
    seeing very good gains. If you know of any please share.
    Appreciate it!

  12. you are really a just right webmaster. The web site
    loading pace is incredible. It seems that you are doing any unique trick.

    Furthermore, The contents are masterpiece. you have performed
    a magnificent job on this subject!

  13. I delight in, result in I discovered exactly what I used to
    be taking a look for. You have ended my four day lengthy
    hunt! God Bless you man. Have a nice day. Bye

  14. What’s Happening i’m new to this, I stumbled upon this I’ve discovered It positively useful
    and it has aided me out loads. I am hoping to contribute & assist
    other users like its aided me. Great job.

  15. Wow, marvelous blog structure! How lengthy have you been running a blog
    for? you made running a blog look easy. The overall glance of your web
    site is fantastic, let alone the content material!

Leave a comment

Your email address will not be published.