The telecom major posted a consolidated net profit of ₹11,022 crore, sharply above CNBC-TV18’s estimate of ₹6,526 crore, though down 25.4% from ₹14,781.2 crore in the December quarter. Revenue rose 2.1% sequentially to ₹47,876 crore from ₹46,878 crore and also topped the CNBC-TV18 poll of ₹47,390 crore. EBITDA for the quarter came in at ₹27,404 crore, ahead of the street estimate of ₹26,430 crore, but down 5.7% from ₹29,056.7 crore in the previous quarter. The EBITDA margin stood at 57.2%—higher than the poll estimate of 55.8% but lower than 62% in Q3.

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