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Bharti Airtel Reports Highest Ever Quarterly Revenue
On Wednesday, Bharti Airtel posted a 24% year-on-year increase in its consolidated revenue to Rs 26,518 crore for the December-ended quarter. The company said in a regulatory filing that it was its highest ever consolidated quarterly revenue.
Airtel's revenue from India business grew 25.1% year-on-year to Rs 19,007 crore during the quarter under review, while its mobile services revenues from India business increased 32.4% on the back of strong customer additions. The overall business rose 9.2% year-on-year, thanks to strong demand for connectivity and solutions.
The telecom operator posted a consolidated net profit of Rs 854 crore for the December-ended quarter. The Average Revenue Per User (ARPU), a primary way to measure the performance among telecom operators, increased to Rs 166 in the December-ended quarter against Rs 135 for the same period last year.
"Despite the unprecedented volatility that we have confronted through the year, we delivered another strong performance this quarter. This consistency in performance was across every part of our portfolio, as reflected in market share growth across all our business segments," said Gopal Vittal, MD and CEO, India & South Asia, commenting on the performance.
"This has been made possible due to our agility, the continued re-orientation of our business model and our relentless focus on what truly matters - serving our customers. The main highlight of the quarter was the 13 Million 4G customers we added in our Wireless business," Vittal further said.
