Bharti Airtel’s consolidated net profit for the fiscal second quarter jumped 168% on-year on the back of strong average revenue per user (ARPU) growth and subscriber adds, although a Rs 318 crore exceptional loss caused it to miss estimates.
The nation’s second-largest telco posted a consolidated net profit of Rs 3,593 crore, which missed estimates as analysts were expecting a consolidated net profit of around Rs 4,311 crore in the September quarter.
The Sunil Mittal-led telco’s consolidated revenue rose 12% year-on-year to Rs 41,473 in the July-September period, driven by strong momentum in India and sustained currency growth in Africa , the company said.
The company’s India mobile revenue grew 16.9% on-year in the fiscal second quarter to Rs 31,561 crore backed by improved realisations in mobile segment and sustained momentum in Homes and Airtel Business.
The revenue growth was also helped by sequential growth in ARPU — a key performance metric — to Rs 233, from Rs 203 in the previous quarter on the back of tariff hikes, postpaid user additions and a pick-up in 2G to 4G/5G conversions.
“We delivered another quarter of solid performance, with India revenue growing 8.7% sequentially. Africa maintained strong revenue growth momentum as well with 7.7% constant currency growth. The flow thru of tariff repair is in-line with our expectation on ARPU increase and SIM consolidation. We reported industry leading ARPU of Rs 233. Our focus on winning quality customers and driving premiumization has helped us add 4.2 Mn smartphone customers,” Airtel managing director Gopal Vittal said in an official statement Monday.
“We continue to expand our Wifi coverage with FWA offerings to over 2,000 cities. We continue to invest in our digital businesses to diversify portfolio strength and drive long term growth. Airtel also continues to invest in a future ready digital network to deliver brilliant customer experience - we launched India's first AI-powered, network-based spam detection solution to solve the endemic problem of spam calls and messages. Our 5G network has once again received validation from Open signal – Airtel was awarded all the five awards on 5G network experience,” Vittal added.
In the just-ended quarter, Airtel lost 2.87 million users in the quarter to end with 351.64 million subscribers. Monthly churn rose to 3.2% from 2.8% in the preceding quarter amidst costlier mobile services across its 22 circles after the hike in base prepaid rates.
The nation’s second-largest telco posted a consolidated net profit of Rs 3,593 crore, which missed estimates as analysts were expecting a consolidated net profit of around Rs 4,311 crore in the September quarter.
The Sunil Mittal-led telco’s consolidated revenue rose 12% year-on-year to Rs 41,473 in the July-September period, driven by strong momentum in India and sustained currency growth in Africa , the company said.
The company’s India mobile revenue grew 16.9% on-year in the fiscal second quarter to Rs 31,561 crore backed by improved realisations in mobile segment and sustained momentum in Homes and Airtel Business.
The revenue growth was also helped by sequential growth in ARPU — a key performance metric — to Rs 233, from Rs 203 in the previous quarter on the back of tariff hikes, postpaid user additions and a pick-up in 2G to 4G/5G conversions.
“We delivered another quarter of solid performance, with India revenue growing 8.7% sequentially. Africa maintained strong revenue growth momentum as well with 7.7% constant currency growth. The flow thru of tariff repair is in-line with our expectation on ARPU increase and SIM consolidation. We reported industry leading ARPU of Rs 233. Our focus on winning quality customers and driving premiumization has helped us add 4.2 Mn smartphone customers,” Airtel managing director Gopal Vittal said in an official statement Monday.
“We continue to expand our Wifi coverage with FWA offerings to over 2,000 cities. We continue to invest in our digital businesses to diversify portfolio strength and drive long term growth. Airtel also continues to invest in a future ready digital network to deliver brilliant customer experience - we launched India's first AI-powered, network-based spam detection solution to solve the endemic problem of spam calls and messages. Our 5G network has once again received validation from Open signal – Airtel was awarded all the five awards on 5G network experience,” Vittal added.
In the just-ended quarter, Airtel lost 2.87 million users in the quarter to end with 351.64 million subscribers. Monthly churn rose to 3.2% from 2.8% in the preceding quarter amidst costlier mobile services across its 22 circles after the hike in base prepaid rates.
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