Bharti Airtel’s quarterly loss widened to Rs 15,933 crore in April-June period from loss of Rs 2,866 crore during the same period last year as the company provided Rs 36,832.2 crore towards adjusted gross revenue dues as directed by the Supreme Court payable by the company
Airtel’s net loss without exceptional items for the quarter stood at Rs 436 crore
Its consolidated revenues went up 15.4% year-on-year to Rs 23,939 crore from Rs 20,737.9 crore in the previous corresponding quarter. The telco’s India revenues increased by 14.6% year-on-year to Rs 17,589 crore
Bharti Airtel’s average revenue per user, a key metric of how much a telecom company earns from a customer, improved to Rs 157 per month from Rs 129 during the first quarter of last financial year
Airtel’s consolidated EBITDA stood at Rs 10,639 crore, with a 44.4% operating margin. It reported a consolidated profit before tax and exceptional tax at Rs 372 crore, which was up 124% on year
The company’s 4G data customers moved up by 4.3 crore through the year – a growth of 45.3% on-year to reach 13.83 crore in June quarter
Data traffic growth surged by 73% on year even as 4G net additions slowed down to 2 Million caused by supply chain shocks in the device eco system
As far as digital business is concerned, the digital TV revenue witnessed a growth of 9.3% on year as it saw a growth of 5.1% in new customers to 16.8 million from 16 million in the corresponding quarter last year
The rollout of the new tariff order also helped Airtel in improving its market share and revenue growth.
Homes business segment saw a revenue growth of 1.4% on year. Although, the customer base increased by 4.5% on year, growth was impacted during the quarter on account of closure of several commercial establishments
Net net Telecom is one sector which has seen continued growth despite the covid19 health issue and we expect that H2 FY21 will reflect a faster growth trajectory for the company ahead also.
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