Airtel Makes Strong Strides in the Telecom Market

Telecom operator Bharti Airtel has reported a 24% year-on-year growth in consolidated profit for the quarter ended September. The company posted a consolidated profit of Rs. 10,710 crore on revenue of Rs. 60,877.5 crore. In the corresponding quarter of the previous year, Airtel had recorded a profit of Rs. 8,651 crore on revenue of Rs. 52,145.4 crore. The latest results reflect a 16.7% increase in consolidated revenue compared with the same period last year.

Bharti Airtel’s India revenue increased by 9.4% to Rs. 42,308 crore during the quarter. Revenue from its India mobile services business registered a year-on-year growth of 10.1%. The company also reported an improvement in its average revenue per user (ARPU), which rose to Rs. 271 in the second quarter from Rs. 256 in the corresponding period last year, indicating higher average revenue generated from each customer.