Airtel profit plunges 75% to ₹367 crore in June quarter

Country's largest telecom operator Bharti Airtel on Tuesday reported 74.89% year-on-year decline in consolidated net profit at ₹367 crore for the quarter ended June. Total revenue of the company also slipped 14% to ₹21,958 crore. Bharti Airtel's CEO Gopal Vittal has said that pricing disruption caused by entry of a new operator created stress on the sector's profitability.