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Bhari Airtel Net down by 76 %

Staff reporter, New Delhi
01/11/2017   0 Comments

As per the date released by the telecom major Bharti Airtel for Quarter 2 of FY 18, the consolidated net income recorded at Rs.343 Crore has fallen by a whooping margin of 76.5% as compared to 1,462 crore in the same period of last year, Bureaucracy Today reports.

Industry experts say that it was due to the intense struggle against the Mukesh Ambani led Reliance Jio. "The financial stress in the industry continues due to double digit revenue decline and will be further accentuated by the reduction in interconnect usage charges in the next quarter," Gopal Vittal, Bharti Airtel's chief executive for India and South Asia, said in a statement.


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