Bharti Airtel reports seventh consecutive quarterly profit growth as users upgrade plans

India's second-largest carrier saw pre-tax profits jump over 34 percent for the December quarter. The growth was driven by subscribers moving to premium plans.

Insights:
Bharti Airtel announced its seventh consecutive quarterly profit rise today, reporting that consolidated pre-tax profit increased 34.4% year-on-year to 125.58 billion rupees for the quarter ended December 31. The results reflect a sustained profitability improvement at one of the largest mobile carriers in India ININ and represent a meaningful year-on-year change in the company's financial performance.
A man leaves a Bharti Airtel store in New Delhi, India, on April 20, 2016. REUTERS/Adnan Abidi
A man leaves a Bharti Airtel store in New Delhi, India, on April 20, 2016. REUTERS/Adnan Abidi
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