Bharti Airtel net profit dips 29 percent in Q2

New Delhi, Oct 30 (IANS) Telecom service provider Bharti Airtel's consolidated net profit for the second quarter (June-September) declined by 29 percent to Rs.512 crore compared to Rs.721 crore it logged during the corresponding period last quarter.

"Mobile internet is now a major engine of growth for Airtel across all geographies. Our sustained investment in this segment will further enhance customer experience and seamless coverage. The revenue growth in Africa reflects the inherent potential in the world's most promising continent," Sunil Bharti Mittal, Chairman, Bharti Airtel Limited, said in a statement.

"I am also pleased to see the evolution of Airtel Money into a significant service in geographies which are relatively under-banked," he added.

The company stated weak rupee led to forex loss in this quarter in the tune of Rs.342 crore.

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