Bharti Airtel Q2 web revenue falls 37.5% to Rs 1,341 crore

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Bharti Airtel Q2 web revenue falls 37.5% to Rs 1,341 crore



NEW DELHI: Telecom firm Bharti Airtel on Tuesday reported a 37.5 per cent drop in its consolidated web revenue to Rs 1,341 crore for the second quarter ended September 30. The web revenue stood at Rs 2,145 crore a yr in the past.
For the just-ended quarter, the consolidated web revenue (earlier than distinctive objects) got here in at Rs 2,960 crore, up by 44.2 per cent year-on-year.The quarterly income rose 7.3 per cent to Rs 37,044 crore, “backed by sturdy and constant efficiency in India operations”, in keeping with the corporate assertion.
“This has been yet one more quarter of strong income progress and improved margins. Our India income continues to achieve momentum and grew sequentially by 2.4 per cent. Our consolidated income, nonetheless, was impacted by the devaluation of the Nigerian Naira,” Bharti Airtel managing director Gopal Vittal stated.
The corporate recorded 7.7 million 4G/5G web subscribers addition and exited the quarter with an “industry-leading ARPU of 203”, he added.
“Our Postpaid and Properties companies continued their sturdy progress trajectory as we added the very best ever web provides in each these segments in any single quarter. Our efficiency is underpinned by a easy and constant technique of specializing in high quality prospects and delivering the perfect expertise to them in a seamless digital approach,” Vittal additional stated.