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Bharti Airtel posts 13% rise in quarterly revenue, helped by tariff hikes

The company's consolidated revenue from operations was 283.26 billion rupees ($3.79 billion) for the quarter ended Sept. 30

Topics
Bharti Airtel | telecom services | Tariff hike

Reuters 

Between 2012 and 2017, Bharti Airtel bought BWA spectrum from Qualcomm, Aircel and Tikona Digital who were the second players in different circles.

Indian wireless carrier Ltd reported on Tuesday a 13% rise in its second-quarter revenue, boosted by tariff hikes and additions in its subscriber base.

The company's consolidated revenue from operations was 283.26 billion rupees ($3.79 billion) for the quarter ended Sept. 30, compared with Rs 250.60 billion a year ago, according to its exchange filing. Analysts on average had expected revenue of Rs 277.73 billion.

Airtel has benefited from higher user additions and a jump in data usage due to remote working during the COVID-19 pandemic, and the company had scrapped in July its entry-level prepaid recharge of 49 rupees and set the base plan at 79 rupees.

Its net profit for the second quarter was 11.34 billion rupees, compared with a loss of 7.63 billion rupees in the same period last year. With focus on its enterprise business, Airtel had said in September it would invest Rs 50 billion to expand its data centre business to meet customer demand in and around India.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, November 02 2021. 16:07 IST
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