Due to higher exceptional loads and increased provisions that weighed on results, Bharti Airtel a announced on Thursday a slight drop in its net profit during the quarter from October to December compared to the previous quarter.

The telecom operator registered a consolidated net income of Rs. 6,631 crore, down 2.4% compared to Rs 6,792 crore in the previous quarter and lower than Bloomberg estimates (7,157 crore rupees). The earnings before exceptional items came to 6,920 crores of rupees, reflecting stable operational momentum during the quarter. The decline in reported earnings was mainly due to higher expenses. exceptional, in particular the provisions related to the new legislation of work, and not to an evolution of company fundamentals.

During the quarter, airtel a recorded provisions of 256.8 crore rupees for benefits departure and compensated absences following the implementation of the new code from work, partially offset by a tax credit of 65 crores from rupees. These expenses had a direct impact on net income compared to previous quarter.

The result before interest, taxes, depreciation and amortization (EBITDA) increased by 4.1% compared to in the previous quarter to reach 31,144 crore rupees, exceeding So the forecast for mso-ansi-language:fr; Mso-fareast-language:en-us; Mso-bidi-language:ar-sa"> bloomberg (30,455 crores of rupees). The EBITDA margin improved from 57.4% in the quarter previous at 57.7%, thanks to operational leverage and management rigorous cost.