Airtel reports decline in Q3 net profit

Bharti Airtel said on Tuesday its consolidated net profit declined by 2.8 percent to Rs. 830 crore in the third quarter of the current financial year as compared with Rs. 854 crore recorded in the corresponding period of the previous year.

The company’s consolidated revenues for the third quarter of the current financial year stood at Rs. 29,867 crore, posting an increase of 18.3 percent year-on-year on a comparable basis and 12.6 percent YoY on a reported basis, Bharti Airtel said in a statement released after the Board meeting.

The company’s India revenues for the quarter ended December 2021 stood at Rs. 20,913 crore, posting an increase of 17.9 percent YoY on a comparable basis and 10.0 percent YoY on a reported basis.

Mobile revenues grew by 19.1 percent YoY on comparable basis on account of upside in average revenue per unit (ARPU) led by pricing intervention and continued momentum in 4G customer addition

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