Airtel has announced consolidated results for the first quarter ended June 30, 2017 in which it posted consolidated revenue of Rs. 21,958 crore, YoY drop of 11.1%, less than the expected drop of 14.0%. India revenues were at Rs. 17,244 crore that has declined by 10.0% YoY primarily led by mobile drop of 14.1% YoY. Net Income was at Rs 367 crore compared to Rs 1,462 crore in the corresponding quarter last year, down 74.9%.”Mobile market remains turbulent in the current quarter as well, due to disruptive pricing by a new operator,” said Airtel.
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