Results

This section brings you financial results of companies in the telecommunications and IT industry. We cover quarterly results, annual results and projections of the firms in the said sector. Besides the news and developments on the earnings, we also do analysis of the results.

Reliance Jio Net Profit Soars 310% In FY2018-19

Reliance Jio Net Profit Soars 310% In FY2018-19

April 18, 2019 at 7:19 pm 0 comments

Reliance Jio Thursday announced its financial results for Q4 ended 31 March, 2019 and for the full fiscal year 2019. Jio reported a net profit of Rs 2964 crore for the full year showing a growth of whooping 310% over the previous financial year. In FY 2018, the company’s profitRead More

Ericsson’s Revenue Dips 23% In Q1 Over Previous Quarter

Ericsson’s Revenue Dips 23% In Q1 Over Previous Quarter

April 17, 2019 at 12:22 pm 0 comments

Swedish telecom gear maker Ericsson reported a whooping 23% plunge in its net sales for Q1 as against Q4 of previous fiscal. The firm reported a net sales of 48.9 billion SEK in Q1 as against 63.8 billion SEK in Q4, 2018. However, on a year-on-year basis, the telecom equipmentRead More

ITI Posts 124% Growth In Q3, Revenue Touches Rs 563 Cr

ITI Posts 124% Growth In Q3, Revenue Touches Rs 563 Cr

February 13, 2019 at 10:50 am 0 comments

State-run telecom gear making firm ITI has posted an impressive 124% growth its revenue for the third quarter ended 31 December 2018. In Q3, 2018, the company has posted revenues of Rs 563.23 crore as compared to Rs 251 crore a year ago, in Q3, 2017. On a quarterly basisRead More

Vodafone Idea Q3 2019 Financial Results : Main Points

Vodafone Idea Q3 2019 Financial Results : Main Points

February 7, 2019 at 12:23 pm 0 comments

Vodafone Idea, the merged entity between Vodafone India and Idea Cellular, has announced its Q3 financial results for FY 2019. This is second quarterly results announced by the firm post the closure of their merger which happened in August 2018. “We are progressing well on our stated strategy. The initiativesRead More

Airtel Q3 Net Down By 72%, Firm Makes Only Rs 86 Crore

Airtel Q3 Net Down By 72%, Firm Makes Only Rs 86 Crore

January 31, 2019 at 6:12 pm 0 comments

Bharti Airtel, the country’s largest telecom player by revenue market share, announced its third quarter results for the financial year 2019. And the results are no better than what the company has been witnessing since third quarter, 2016. As per the results Airtel Q3 net profit declined by 72% comparedRead More

Ericsson Q4 Sales Up 10%, Loss Margin Narrows By 65%

Ericsson Q4 Sales Up 10%, Loss Margin Narrows By 65%

January 25, 2019 at 1:11 pm 0 comments

Ericsson Friday reported a 10% rise in its net sales of SEK 63.8 billion in Q4 ended December 2018 as against SEK 57.9 billion a year ago. On a quarter on quarter basis the growth margin remained at 19% as the Swedish telecom gear maker had posted revenues of SEKRead More

Bharti Infratel Posts Highest Ever Net Profit In 5 Quarters

Bharti Infratel Posts Highest Ever Net Profit In 5 Quarters

January 24, 2019 at 4:59 pm 0 comments

Bharti Infratel, India’s sole listed telecom tower company, has posted a consolidated net profit of Rs 648 crore in its Q3 ended 31 December, 2019. Compared to a year ago period, the firm has increased its profit by 11% when it posted a profit after tax of Rs 585 crore.Read More

While Incumbents Bleed, Jio Net Profit Soars 65%

While Incumbents Bleed, Jio Net Profit Soars 65%

January 20, 2019 at 12:08 pm 0 comments

Reliance Jio Thursday announced 65% increment in its net profit for the third quarter ended December 31, 2018. The company clocked Rs 831 crore in net profit in Q3 as against Rs 504 crore in the same period a year ago. On QoQ basis the growth was 22% with profitRead More

Vodafone Idea Q2 Results : Financial And Other Details

Vodafone Idea Q2 Results : Financial And Other Details

November 15, 2018 at 1:50 pm 0 comments

Vodafone Idea, the company that was born out of the merger between Vodafone India and Idea Cellular, has announced its financial results for Q2 ended September 30, 2018. This is the first quarterly result the new company announced post the closure of the merger that happened on 31 August 2018.Read More

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

Idea Posts Profit Of Rs 257 Cr In Q1, But Nothing To Be happy About

July 30, 2018 at 6:47 pm 0 comments

Aditya Birla Group owned Idea Cellular today posted a net profit of Rs 257 crore in its first quarter of 2019 after reporting losses in last 6 consecutive quarters. However, this increase of its bottomline is not because of surge in revenue or margins but because of one time saleRead More