Shares of Bharti Airtel rose more than 2 per cent on Wednesday after the company reported better than expected results yesterday.
The telecom company's second quarter net profits fell by 4.9% to Rs 1,461 crore. There was 3.4% rise in company's total revenues to Rs 24,652 crore against Q2 September 2015.
Bhart Airtel's net income stood at Rs 1,461 crore against Rs 1,536 crore a year earlier. Bharti Airtel's consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 9,466 crore, up 14.5% from Rs 8,265 crore last year. EBITDA margin stood at 38.4%, up 3.7% year-on-year.
As per the data, revenues in India rose by 10.1% to Rs 19,219 crore against Q2 September 2015.
Gopal Vittal, MD and CEO, India & South Asia at Bharti Airtel said "Overall revenue momentum in India has been sustained primarily due to the strong performance of our non-mobile businesses which grew in aggregate at 18.8 per cent y-o-y."
Shares of Bharti Airtel were seen trading at Rs 318, higher by 2.36 per cent on BSE at 1.14 pm IST. It touched an intra-day high of Rs 322 during trade.