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Airtel’s Q1 net profit falls 75% on y-o-y basis

Wed, Jul 26 2017, 06:40 PM

The net profit of Bharti Airtel, India’s leading telecom company, plunged 75% to Rs 367 crore in the April to June quarter. This third consecutive quarterly decline was the result of the brutal price wars initiated by the sector’s new entrant, Reliance Jio.