Difference between revisions of "India apos;s Bharti Airtel Beats Q3 Revenue View On Rise In 4G Users"
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| − | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , | + | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected [https://www.thesaurus.com/browse/increase 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 357.27 billion rupees in revenue, according to Refinitiv IBES data.<br> Airtel said revenue from its India mobile services, [http://sensiblebydesign.ozcott.com/DocuWiki/doku.php?id=lawsuits_pile_up_as_u.s._pa_ents_take_on_social_media_giants 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. If you have any questions relating to where and [https://www.labprotocolwiki.org/index.php/Fears_Grow_For_American_Student_Who_Disappeared_Studying_In_France EvDeN EVE nAkLiyAt] the best ways to utilize [https://evigetir.com/evdeneve/index.html EVdEn evE NAKLiyaT], [https://evigetir.com/evdeneve/iletisim.html EVDen EvE nAKLiyAt] you could call us at the web-page. 72 million.<br> Airtel's average revenue per user (ARPU), a key performance indicator for telecom firms, was at 193 rupees, [https://evigetir.com/evden-eve-nakliyat-istanbul.html eVDen EVE nAkLiyAt] logging a 1.6% sequential rise and an 18.4% year-on-year increase.<br> Last month, market leader Reliance Jio, 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 the December [https://en.wikipedia.org/wiki/Rock_climbing 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' revenue expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)<br> |
Revision as of 01:26, 20 April 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.
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. If you have any questions relating to where and EvDeN EVE nAkLiyAt the best ways to utilize EVdEn evE NAKLiyaT, EVDen EvE nAKLiyAt you could call us at the web-page. 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, market leader Reliance Jio, 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 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)
