This week Bharti Airtel posted its quarterly results for the current financial year and it wasn’t exactly a pleasant sight.
Profits declined 62% compared to the previous quarter and the average revenue per user (ARPU) has all but stagnated during this period. The only consolation perhaps is that the broadband business seems to be doing quite well and while it doesn’t seem like much, analysts across the board are still extremely optimistic about the company’s prospects.
So if you’re wondering why there are all these mixed signals coming in, then this week’s Finshots Markets is for you.