Bharti Airtel's Profit Beats Estimate on One-Time Tax Gain
Bharti Airtel Ltd. posted quarterly profit that beat expectations, as India's No. 2 wireless carrier continues to benefit from new subscriber additions and a one-time tax gain.
Net income came in at 110.2 billion rupees ($1.29 billion) in the three months ended March, the company said in a statement. That surpassed the 65.1 billion-rupee average of analysts' estimates compiled by Bloomberg.
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