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Bharti Airtel's Consolidated Profit Drops in Fiscal Q4

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Bharti Airtel (NSE:BHARTIARTL, BOM:532454) recorded a sharp decline in its consolidated attributable profit to 73.3 billion Indian rupees in the fiscal fourth quarter ended March 31, against 110.2 billion rupees a year ago.

Earnings per share slipped to 12.15 rupees compared with the year-ago figure of 18.38 rupees, according to a Wednesday filing to the Indian stock exchanges by the telecom services provider.

Revenue from operations in fiscal Q4, however, rose to 553.8 billion rupees from 478.8 billion rupees a year earlier.

The company's board recommended a final dividend of 24 rupees per share for the financial year ended March 31.

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