Airtel profit down 31% : The Tribune India

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Airtel profit down 31%

NEW DELHI:Airtel today reported around 31% decline in consolidated net profit at Rs 1,462 crore for the first quarter of 2016-17 mainly due to high capital expenditure during the period.



New Delhi, July 27 

Airtel today reported around 31% decline in consolidated net profit at Rs 1,462 crore for the first quarter of 2016-17 mainly due to high capital expenditure during the period.

Net income stands at Rs 1,462 crore compared to Rs 2,113 crore in corresponding quarter last year. Total consolidated income increased 7.9% to Rs 25,572.9 crore from Rs 23,680.8 crore in the year-ago period. pti

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