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bharti airtel: Airtel Q3 net dips 3% to Rs 830 crore, revenue up 13% – Times of India

NEW DELHI: Bharti Airtel on Tuesday reported a 3% decline in its consolidated net profit in the third quarter of this fiscal to Rs 830 crore against Rs 854 crore in the same period of the previous year.
Consolidated revenue, however, increased for the company by 13% to Rs 29,867 crore from Rs 26,518 crore in the December 2020 quarter. “The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry-leading ARPU (average revenue per user) of Rs 163. The full impact of the revised mobile tariffs, however, will be visible in the fourth quarter. Our enter- prise, homes and Africa business continue to deliver strongly, with steady increase in contribution to the overall mix of the portfolio,” Bharti Airtel MD and CEO for India and South Asia, Gopal Vittal, said.
The ARPU of Bharti Airtel in India during the reported quarter declined by 1. 8% to Rs 163, as against Rs 166 earlier. Vittal said the company’s balance sheet is robust and now generating healthy free cash flows that enabled Bharti Airtel to prepay some of its spectrum liabilities to the government, which led to a reduction in the interest burden.

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