Airtel Q3 results: Net profit falls 3% to Rs 830 cr, revenue rises 13%

'The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs 163,' says CEO Gopal Vittal

Telecom major Bharti Airtel on Tuesday reported 3% decline in consolidated net profit attributable to owners at Rs 830 crore for the quarter ending December 31, 2021. It earned net profit of Rs 854 crore in the year-ago period.

Airtel reported a 12.6% rise in third-quarter revenue, helped by recent tariff hikes and subscriber additions.

The company's consolidated revenue from operations for the quarter ended Dec. 31 climbed to Rs 29,867 crore from Rs 26,518 crore a year ago.

Airtel said its average revenue per user (ARPU) - a key performance indicator in the telecoms industry - was Rs 163