Airtel Q1 net profit more than halves to Rs 283 cr; ARPU at Rs 146

Revenue of the Sunil Mittal-led telco rose 4.2 per cent on a sequential basis to Rs 26,853 crore in June quarter

Telecom major Bharti Airtel's earnings were under pressure in the first quarter, missing Street estimates and its average revenue per user muted as coronavirus-led disruptions weakened subscriber additions.

Profit for the April-June period declined 63 per cent to Rs 283 crore when compared with Rs 759 crore in the last quarter of previous financial year (Q4FY21).

Analysts had estimated first quarter profit to halve on a sequential basis. For instance, brokerage Emkay Global expected the same to fall 58 per cent.

In the year-ago June quarter, Bharti Airtel had posted a massive loss of Rs 15,933 crore, owing to one-time