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Airtel’s turnaround in the face of stiff competition rings in hope for a long-battered sector

Airtel reported a net profit against analysts’ estimates of a loss. While Jio seems to be losing steam after quick initial strides, incumbents look set for a recovery.
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rishitejpal
7 May 2019 5 Mins Read 0 comment
People walk past a Bharti Airtel advertisement in New Delhi on January 12, 2010. Contrary to most estimates (a loss to the tune of INR1,000 crore), Airtel declared a profit of INR107.2 crore yesterday, an increase of 24.4% over the previous quarter. Getty Images
People walk past a Bharti Airtel advertisement in New Delhi on January 12, 2010. Contrary to most estimates (a loss to the tune of INR1,000 crore), Airtel declared a profit of INR107.2 crore yesterday, an increase of 24.4% over the previous quarter.
Yesterday, as grade 10 students across the country were anxiously awaiting their results, another group was keenly watching out for cues from Bharti Airtel’s quarterly report card. What they finally got was only a truncated version, but there was reason enough to cheer. Contrary to most analysts’ estimates (of a loss), Bharti Airtel turned in a fourth-quarter profit.
any further disruptive pricing practices underline this trend. While the path to recovery for incumbents may not be as thorny as initially feared, it would still take at least a few quarters for them to get there. But that will happen only if Jio doesn’t pull out another wild card. ( Graphics by Sadhana Saxena)
Yesterday, as grade 10 students across the country were anxiously awaiting their results, another group was keenly watching out for cues from Bharti Airtel’s quarterly report card. What they finally got was only a truncated version, but there was reason enough to cheer. Contrary to most analysts’ estimates (of a loss), Bharti Airtel turned in a fourth-quarter profit. any further disruptive pricing practices underline this trend. While the path to recovery for incumbents may not be as thorny as initially feared, it would still take at least a few quarters for them to get there. But that will happen only if Jio doesn’t pull out another wild card. ( Graphics by Sadhana Saxena)

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