Airtel Q4 net up 3x to Rs 2,008 cr on tariff hike, exceptional income

Consolidated revenue rises 22.3% YoY to Rs 31,500 crore, ARPU up 9.2% sequentially and over 22% YoY to Rs 178

Bharti Airtel reported a near three-fold increase in its net profit to Rs 2,008 crore in fourth quarter FY 22 led by gains from tariff hike and exceptional income. In the same quarter last year Airtel had posted a net profit of Rs 759 crore.

Consolidated revenue for the quarter rose 22.3 per cent to Rs 31,500 crore on a year-on-year basis while average revenue per user (ARPU) grew 9.2 per cent sequentially and by over 22 per cent on a year on year basis to Rs 178.

Mobile service providers undertook a 20 per cent tariff hike last November