Bharti Hexacom posted its earnings for the quarter ended June after the markets closed on Monday.

What Happened: The telecom operator’s net profit for the quarter came in at ₹511 crore, more than double the ₹253 crore profit reported in the same quarter in the previous year. The profit was aided by a one-time exceptional gain of around ₹318 crore.

The gain was on account of a favourable judgment by the Supreme Court of India regarding the waiver of interest on the tax treatment of the adjusted revenue-linked Variable License Fee payable to the Department of Telecommunications (DOT).

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Revenue for the quarter came in at ₹1,911 crore grew 13.6% year-on-year, compared to the ₹1,682 crore posted in the corresponding quarter of the previous year. Overall EBITDA increased 6.6% YoY to ₹912 crore in the June quarter. EBITDA margin came in at 47.7%

Average revenue per user for the quarter stood at ₹205 “driven by continued mix improvement and focus on quality acquisitions.” The company added 28 lakh smartphone customers.

Price Action: Bharti Hexacom’s share price was down 2.92% to close at ₹1,114.85 on Monday.

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