Difference between revisions of "India apos;s Bharti Airtel Beats Q3 Revenue View On Rise In 4G Users"
m |
Tammara6995 (talk | contribs) m |
||
| (41 intermediate revisions by 37 users not shown) | |||
| Line 1: | Line 1: | ||
| − | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<br> The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.<br><br>31, from 298.67 billion rupees a year earlier.<br> Analysts, on average, had expected 357 | + | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<br> The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.<br><br>If you liked this article and you simply would like to be given more info about [https://evigetir.com/evdeneve/depolama.html EVDeN EvE NaKLiyaT] i implore you to visit our own website. 31, from 298.67 billion rupees a year earlier.<br> Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES data.<br> Airtel said revenue from its India mobile services, [https://evigetir.com/evdeneve/evden-eve-google-tepe.html EVDEN eVE NAkLiyAt] which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.<br> Its 4G data customers, too, increased by 6.4 million to hit 216.72 million.<br> Airtel's average revenue per user (ARPU), a key performance indicator for telecom firms, was at 193 rupees, [https://medwiki-imi.ukaachen.de/eumi-praxisbuch/index.php/Kanye_West_Could_Lose_His_Billionaire_Status_After_Being_Dropped_By_Adidas_Amid_Growing evDeN EVE nakliyAt] logging a 1.6% sequential rise and an 18.4% year-on-year increase.<br> Last month, evDEn EvE nakLiYaT market leader Reliance Jio, EVdEn Eve nAKLiyat the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.<br> Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.<br> The company's net profit for [https://evigetir.com/baba.html evdEn eve nakliYat] the December [https://edition.cnn.com/search?q=quarter%20climbed quarter climbed] to 15.88 billion rupees from 8.3 billion rupees a year ago.<br> Airtel shares closed 0.4% lower at 785.9 rupees ahead of the results.<br><br>They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts' [http://www.techandtrends.com/?s=revenue revenue] expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)<br> |
Latest revision as of 19:14, 23 May 2023
BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.
The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.
If you liked this article and you simply would like to be given more info about EVDeN EvE NaKLiyaT i implore you to visit our own website. 31, from 298.67 billion rupees a year earlier.
Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES data.
Airtel said revenue from its India mobile services, EVDEN eVE NAkLiyAt which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.
Its 4G data customers, too, increased by 6.4 million to hit 216.72 million.
Airtel's average revenue per user (ARPU), a key performance indicator for telecom firms, was at 193 rupees, evDeN EVE nakliyAt logging a 1.6% sequential rise and an 18.4% year-on-year increase.
Last month, evDEn EvE nakLiYaT market leader Reliance Jio, EVdEn Eve nAKLiyat the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.
Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.
The company's net profit for evdEn eve nakliYat the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.
Airtel shares closed 0.4% lower at 785.9 rupees ahead of the results.
They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts' revenue expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)
