Telecom major Bharti Airtel reported 39% drop in net profit at Rs 3.06 billion for the quarter ended December 2017 as against Rs 5.03 billion in year-ago period, after telecom regulator Trai ordered a sharp cut in mobile interconnection fees.
Company announced interim dividend of Rs 2.84 per share.
Revenue for the quarter declined 13% to Rs 203.18 billion as compared to Rs 233.35 billion in December 2016.
Average revenue per user (ARPU) declined 15% on quarterly basis at Rs 123.
On Thursday, Airtel stocks on BSE closed 1.17% lower at Rs 494.50 apiece.
Company announced interim dividend of Rs 2.84 per share.
Revenue for the quarter declined 13% to Rs 203.18 billion as compared to Rs 233.35 billion in December 2016.
Average revenue per user (ARPU) declined 15% on quarterly basis at Rs 123.
On Thursday, Airtel stocks on BSE closed 1.17% lower at Rs 494.50 apiece.
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