Bharti Airtel has maintained its lead more than Mukesh Ambani’s Reliance Jio in India’s telecom war, in at least one of the important operating metrics. The Sunil Bharti Mittal-led Airtel reported typical income per user (ARPU) of Rs 166 in the fiscal third quarter, against Jio’s Rs 151 in the very same period. Bharti Airtel had more to rejoice in the quarter beneath critique, as the second-biggest telecom in India by buyer base turned lucrative once again.
Bharti Airtel’s fiscal third quarter net profit stood at Rs 854 crore, against a net loss of 1,035 crore in the very same quarter a year ago. Further, the organization recorded a 24% on-year boost in consolidated income, taking it to Rs 26,518 crore — its highest ever in a quarter. Earlier today, Bharti Airtel’s share value hit an all-time of Rs 622 per share prior to the earnings announcement, as investors anticipated the sharp uptick in efficiency.
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Bharti Aitel’s Q3FY2021 Results: Key figures in a nutshell
India income — Up 25% on-year to Rs 19,007 crore
Mobile services — Up 32% on-year to Rs 14,778 crore
Consolidated EBITDA margins — 45.9%, up 464 basis points on-year
Revenue per tower per month (India) — Up 20% on-year to Rs 2.43 lakh
4G buyer base — 16.5 crore (as on December 31, 2020)
“Over the last 4 quarters, the company has added ~42 Mn 4G customers to its network. ARPU continues to be the best in industry – average data usage per data customer at 16.4 GBs/month; while voice usage was at 1,027 mins/customer/month,” Airtel stated in a statement. Gopal Vittal, MD and CEO, India & South Asia for Bharti Airtel added that the key highlight of the quarter for the organization was its 1.3 crore 4G buyer addition to the wireless company.
“Despite the unprecedented volatility that we have confronted through the year, we delivered another strong performance this quarter. This consistency in performance was across every part of our portfolio, as reflected in market share growth across all our business segments,” he added. Bharti Airtel lately became the 1st domestic telecom organization to have demonstrated a LIVE 5G service more than a industrial network. However, the organization has stated that it will wait for the essential actions to be completed prior to launching their 5G service.