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Bharti Airtel web revenue down 20% sequentially

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Bharti Airtel net profit down 20% sequentially

Bharti Airtel’s web revenue on Monday declined 20 per cent quarter-on-quarter to Rs 1,607 crore (after distinctive acquire) in the course of the April-June quarter.

The firm’s consolidated revenues on a sequential foundation was up 4 per cent at Rs 32,805 crore. Bharti’s consolidated Ebitda got here at Rs 16,604 crore and was up 4 per cent in comparison with the previous quarter aided by tariff hikes. Ebitda margin expanded to 50.6 per cent in opposition to 49.1 per cent within the previous quarter. The firm’s India revenues was additionally up 3.64 per cent sequentially to Rs 23,319 crore whereas cellular revenues had been up 3.42 per cent quarter-on-quarter to Rs 18,220 crore.

The common income per person (Arpu) noticed a leap of two.8 per cent quarter-on-quarter to Rs 183 in comparison with Rs 178 within the previous quarter. The firm’s Arpu continues to be the perfect within the trade remaining forward of Reliance Jio’s Rs 175.7. The progress in Arpu was on the again of tariff hikes and continued momentum in 4G buyer additions.

“This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5 per cent sequentially. Ebitda margins are now at 50.6 per cent. Our enterprise and homes business has strong momentum and delivered strong double digit growth, improving the diversity of the overall portfolio,” Gopal Vittal, MD and CEO (India and South Asia), mentioned in an announcement.