Bharti Airtel reported a 3% fall in its consolidated net profit for the quarter ended on December 2021 at Rs 830 crores. The profit for the corresponding period last year was Rs 854 crores. Moreover, its profits fell 27% QoQ since the company had an extraordinary gain of Rs 722 crores in the quarter ended on September 2021.
The company’s revenues grew 13% YoY and and 5.4% QoQ to Rs 29,867 crores. The company’s consolidated EBITDA stood at Rs 14,905 crores, up 6.3% QoQ. Its average revenue per user (ARPU) saw a jump of 5.9% QoQ to Rs 163. The company has increased tariff several times over the past two quarters to improve its ARPU.
The company’s monthly churn declined from 3% to 2.9% as total number of subscribers declined to 323 million. The stock has been on a slow decline for a week but after announcing its results the stock went up 1.75% as it currently trades around Rs 720 per share.
Highlight by Aman Agarwal.