India apos;s Bharti Airtel Beats Q3 Revenue View On Rise In 4G Users
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| - | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and | + | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<br> The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.<br><br>31, from 298.67 billion rupees a year earlier.<br> Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES data.<br> Airtel said revenue from its India mobile services, which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.<br> Its 4G data customers, too, increased by 6.4 million to hit 216. If you loved this article therefore you would like to get more info concerning [https://evigetir.com/evdeneve/uluslararasi.html eVden evE NAKLiYat] generously visit the web-site. 72 million.<br> Airtel's average revenue per user (ARPU), a key performance indicator [https://godayjob.com/2023/03/05/united-and-liverpool-lack-london-postcode-to-get-prices-they-floated-2/ EVdEn Eve NAKLiyAT] for telecom firms, was at 193 rupees, logging a 1.6% sequential rise and an 18.4% year-on-year increase.<br> Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.<br> Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.<br> The company's net profit for the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.<br> Airtel shares closed 0.4% lower at 785.9 rupees ahead of the results.<br><br>They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts' revenue expectations. ([https://www.accountingweb.co.uk/search?search_api_views_fulltext=Reporting Reporting] by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and [https://evigetir.com/evdeneve/gizlilik.html EVDeN eve nAKLiyAt] Janane Venkatraman)<br> |
