Industry

Bharti Q1 revenue climbs 15% as data, subscriber additions buoy

The company reported a consolidated revenue of ₹268.54 billion for the quarter ended June 30, compared with ₹232.90 billion a year earlier.   | Photo Credit: Reuters

Telecom services major Bharti Airtel Ltd. posted a 15% rise in first-quarter revenue on Tuesday, helped by higher data usage during COVID-19 restrictions and by subscriber additions.

The company reported a consolidated revenue of ₹268.54 billion for the quarter ended June 30, compared with ₹232.90 billion a year earlier.

Adds 4G users

Bharti said the number of 4G customers increased by 46.1 million from a year earlier, reaching 184.4 million users.

The telecom industry, now dominated by Reliance Jio and with some major players like Bharti battling a court case over dues owed to the government, has benefitted from increased data usage during the COVID-19 pandemic due to remote-working trends.

Bharti’s quarterly mobile average revenue per user (ARPU), a key metric for telecom companies, increased to ₹146, from ₹138 a year earlier. In the previous quarter, ARPU was ₹145.

Turns a profit

Net profit came in at ₹2.84 billion, compared with a loss of ₹159.33 billion in the year- earlier quarter, when it accounted for exceptional charges of ₹117.46 billion including provisions for licence fee and spectrum usage charges.


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Printable version | Sep 17, 2021 4:41:29 PM | https://www.thehindu.com/business/Industry/bharti-q1-revenue-climbs-15-as-data-subscriber-additions-buoy/article35708925.ece

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