Bharti Airtel reported Rs 759 Crore Profit in Fourth Quarter, Earnings up 12 Percent

The company had a loss of Rs 5,237 crore in the fourth quarter of the last financial year. At the same time, Bharti Airtel's consolidated revenue in the fourth quarter increased by 12 percent
Bharti Airtel reported Rs 759 Crore Profit in Fourth Quarter, Earnings up 12 Percent
Source: Google/ Image Credit: Abp news

Bharti Airtel reported a net profit of Rs 759 crore in the fourth quarter. The company had a loss of Rs 5,237 crore in the fourth quarter of the last financial year. At the same time, Bharti Airtel's consolidated revenue in the fourth quarter increased by 12 percent to Rs 25,747 crore on an annual basis. A year ago, the company's income during the quarter was Rs 23,019 crore. However, on a quarterly basis, there has been a decline of three per cent in revenue.

Airtel's earnings increase

Source: Google/ Image Credit: NDTV.com
Source: Google/ Image Credit: NDTV.com

Airtel's EBITDA increased by 2.3 per cent to 12330 crore in the fourth quarter on a quarterly basis. 32 per cent growth in EBITDA, without increasing tariffs in the last 4 quarters, and a positive signal on the ARPU front is a good sign for the company. Airtel's average revenue per user (ARPU) fell 5.8 per cent to Rs 145 per user in the March 2021 quarter. It was Rs 154 per user in the same quarter last year. In fact, the market regulator removed the interconnect charge from January 1 this year, due to which it has come down. However, Bharti Airtel added more subscribers in the March 2021 quarter. Around 14 million 4G subscribers have been added in the March quarter, while data usage has also increased during this period.

Airtel users increased

Bharti Airtel shares fell nearly 2 per cent to close at Rs 549 per share before the fourth quarter results were announced. Due to Corona epidemic, a large number of people are doing work from home, due to which the use of data has increased. In the first quarter of 2021, the company's user base has increased by 1.41 crore. Now it has crossed the figure of 35 crores as well.

Like and Follow us on :

Related Stories

No stories found.
Since Independence
www.sinceindependence.com