Bharti Airtel posts strong Q2 revenue growth on user additions
The Hindu
Average revenue per user (ARPU), a key performance indicator for telecom firms, was ₹190, clocking a 3.8% sequential rise and a roughly 24% year-on-year increase
Bharti Airtel Ltd., India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in second-quarter revenue on Monday, helped by 4G subscriber additions and higher revenue per user.
The company's consolidated revenue from operations rose almost 22% year-over-year to ₹345.27 billion ($4.17 billion) in the three months ended September 30.
Analysts, on average, were expecting a revenue of ₹339.21 billion, according to Refinitiv IBES data.
Airtel, as the company is popularly called, said revenue from its India mobile services, which has 328 million subscribers, rose almost 25% to ₹189.58 billion.
Its 4G data customers increased by 5 million from the previous quarter to 210 million in the latest quarter.
Airtel's average revenue per user (ARPU), a key performance indicator for telecom firms, was ₹190, clocking a 3.8% sequential rise and a roughly 24% year-on-year increase.
Earlier this month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its ARPU rose just under 1% sequentially to ₹177.2 in the quarter.
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