Telecom operator Bharti Airtel Thursday said its average revenue per user was up 6.5 per cent to Rs 123 in the January-March quarter which is still not at a comfortable level for the sector.<\/p>\n
The company had ARPU of Rs 116 in the same period a year ago.<\/p>\n
The year has ended on a positive note with 4th quarter ARPU increasing to Rs 123 though still not at sustainable levels for the industry, the MD of Bharti Airtel said in a statement.<\/p>\n
The company’s loss from India mobile services business increased two-fold to Rs 1,377.8 crore in January-March 2019 compared with Rs 482.2 crore loss in the same period of the previous fiscal year.<\/p>\n
Bharti Airtel on May 6 had reported a sudden 29 per cent surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.<\/p>\n
The company who is in stiff price competition posed by richest Indian Mukesh Ambani’s Reliance Jio, earned a net profit of Rs 107.2 crore in January-March against Rs 82.9 crore it earned in the same period of the previous fiscal.<\/p>\n
This is the first rise in profit after several quarters for the company. Revenue soared 6.2 per cent to Rs 20,602.2 crore for the three months ended March 31, 2019.<\/p>\n
The firm had an income gain of Rs 2,022.1 crore in the quarter, it said in a regulatory filing to stock exchanges.<\/p>\n
As per the quarterly performance report released Thursday, the mobile customer base of Bharti Airtel in India declined by 7.1 per cent on year-on-year basis to 28.26 crore at the end of March 2019 from 30.41 crore in March 2018.<\/p>\n
The same was shown in consolidated customer base which dropped by 2.5 per cent on y-o-y basis to 40.36 crore in March 2019 from 41.38 crore in the previous year.<\/p>\n
The company’s consolidated net debt went up to Rs 108,235 crore from Rs 106,367 crore in the previous quarter.<\/p>\n
The consolidated mobile data traffic recorded y-o-y growth of 137 per cent at 3,836 billion megabytes in the reported quarter.<\/p>\n
In India, mobile data traffic of Bharti Airtel grew to 3,705 billion megabytes during the reported quarter as compared to 1,540 billion MBs in the corresponding quarter last year.<\/p>\n
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Telecom operator Bharti Airtel Thursday said its average revenue per user was up 6.5 per cent to Rs 123 in the January-March quarter which is still not at a comfortable level for the sector. The company had ARPU of Rs 116 in the same period a year ago. The year has ended on a positive […]<\/p>\n","protected":false},"author":1,"featured_media":4382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8],"tags":[3455,3964,3827],"class_list":["post-5329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india-inc","tag-bharati-airtel","tag-loss","tag-quarterly-results"],"aioseo_notices":[],"yoast_head":"\n