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<\/span><\/figcaption><\/figure>Kolkata: Shares of Bharti Airtel<\/a> fell over 2% at opening on Wednesday BSE, a day after the Sunil Mittal-led telco reported a sharp sequential fall in its net profit in the fiscal third quarter, mainly due to an exceptional charge of Rs 669.8 crore.

Airtel<\/a>’s net profit fell almost 26% on-quarter to Rs 1,588.2 crore, missing estimates, in the October-December period.

“The company reported a PAT of Rs 1,588 crore vs expectations of Rs 2,712 crore, owing to a one-time exceptional charge of Rs 670 crore on account of provision for license fee related to earlier periods in one of the Group’s wholly-owned subsidiaries and loss profit from associates of Rs 368 crore (vs. Rs 350 crore profit expected) as Indus Towers provided for dues of Vodafone Idea<\/a> during the quarter,” brokerage ICICI Direct said in a note.

Airtel shares were eventually trading 2.53% lower at Rs 765.5 on the exchange.

Airtel’s consolidated net profit, though, rose 91% year-on-year, on the back of lower spectrum usage charges (SUC), strong 4G user<\/a> additions and data consumption growth.

A combination of an improved subscriber mix, a rising proportion of data users and higher data usage also boosted Airtel’s average revenue per user (ARPU) — a key performance parameter — by 1.9 % on-quarter to Rs 193.

Airtel also reported a higher-than-expected consolidated revenue in the December quarter, up 20% on-year and 3.7% sequentially, to Rs 35,804.4 crore, driven by strong ARPU growth and sustained momentum of its postpaid, enterprise, homes and Africa businesses<\/a>.

\"Bharti<\/a><\/figure>

Bharti Airtel Q3 net profit up 91.5% on-year to Rs 1,588 crore<\/a><\/h2>

Airtel’s consolidated revenue rose 20% on-year and 3.7% sequentially in the fiscal third quarter to Rs 35,804.4 crore, driven by sustained momentum of its postpaid, enterprise, homes as well as Africa businesses.<\/p><\/div>

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<\/span><\/figcaption><\/figure>Kolkata: Shares of Bharti Airtel<\/a> fell over 2% at opening on Wednesday BSE, a day after the Sunil Mittal-led telco reported a sharp sequential fall in its net profit in the fiscal third quarter, mainly due to an exceptional charge of Rs 669.8 crore.

Airtel<\/a>’s net profit fell almost 26% on-quarter to Rs 1,588.2 crore, missing estimates, in the October-December period.

“The company reported a PAT of Rs 1,588 crore vs expectations of Rs 2,712 crore, owing to a one-time exceptional charge of Rs 670 crore on account of provision for license fee related to earlier periods in one of the Group’s wholly-owned subsidiaries and loss profit from associates of Rs 368 crore (vs. Rs 350 crore profit expected) as Indus Towers provided for dues of Vodafone Idea<\/a> during the quarter,” brokerage ICICI Direct said in a note.

Airtel shares were eventually trading 2.53% lower at Rs 765.5 on the exchange.

Airtel’s consolidated net profit, though, rose 91% year-on-year, on the back of lower spectrum usage charges (SUC), strong 4G user<\/a> additions and data consumption growth.

A combination of an improved subscriber mix, a rising proportion of data users and higher data usage also boosted Airtel’s average revenue per user (ARPU) — a key performance parameter — by 1.9 % on-quarter to Rs 193.

Airtel also reported a higher-than-expected consolidated revenue in the December quarter, up 20% on-year and 3.7% sequentially, to Rs 35,804.4 crore, driven by strong ARPU growth and sustained momentum of its postpaid, enterprise, homes and Africa businesses<\/a>.

\"Bharti<\/a><\/figure>

Bharti Airtel Q3 net profit up 91.5% on-year to Rs 1,588 crore<\/a><\/h2>

Airtel’s consolidated revenue rose 20% on-year and 3.7% sequentially in the fiscal third quarter to Rs 35,804.4 crore, driven by sustained momentum of its postpaid, enterprise, homes as well as Africa businesses.<\/p><\/div>