New Delhi: Bharti Airtel on Tuesday reported a 37.5% year-on-year fall in consolidated net profit to Rs 1,341 crore for the September quarter, weighed down by a one-time exceptional charge.
Airtel saw its Q2FY24 total revenue climb 7% year-on-year to Rs 37,044 crore “backed by strong and consistent performance in India operations”. Net income (after exceptional items) at about Rs 1,341 crore, was 37.5% lower than the year-ago period.Net income (before exceptional items) stood at nearly Rs 2,960 crore.
“After accounting for loss of Rs 1,619 crore towards exceptional items (net of tax and non-controlling interests) …the resultant net income for the September quarter came in at Rs 1,341 crore, compared to a profit of Rs 2,145 crore in the corresponding quarter last year and profit of Rs 1,612 crore in the previous quarter,” Airtel said.
India business posted quarterly revenues of Rs 26,995 crore, which was up 11% year-on-year. Mobile services India revenues rose 11% year-on-year, led by strong 4G/5G customer additions and increase in Arpu, the telco said. Mobile Arpu (average revenue per user) increased to Rs 203 in Q2 FY24 against Rs 190 in Q2 FY23, buoyed by “sustained focus on acquiring high value customers and improved realisations”. Mobile data consumption was up 20% on-year with consumption per customer pegged at 21.7 GB per month.
Airtel saw its Q2FY24 total revenue climb 7% year-on-year to Rs 37,044 crore “backed by strong and consistent performance in India operations”. Net income (after exceptional items) at about Rs 1,341 crore, was 37.5% lower than the year-ago period.Net income (before exceptional items) stood at nearly Rs 2,960 crore.
“After accounting for loss of Rs 1,619 crore towards exceptional items (net of tax and non-controlling interests) …the resultant net income for the September quarter came in at Rs 1,341 crore, compared to a profit of Rs 2,145 crore in the corresponding quarter last year and profit of Rs 1,612 crore in the previous quarter,” Airtel said.
India business posted quarterly revenues of Rs 26,995 crore, which was up 11% year-on-year. Mobile services India revenues rose 11% year-on-year, led by strong 4G/5G customer additions and increase in Arpu, the telco said. Mobile Arpu (average revenue per user) increased to Rs 203 in Q2 FY24 against Rs 190 in Q2 FY23, buoyed by “sustained focus on acquiring high value customers and improved realisations”. Mobile data consumption was up 20% on-year with consumption per customer pegged at 21.7 GB per month.
Source link