India apos;s Bharti Airtel Beats Q3 Revenue View On Rise In 4G Users
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| - | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<br> | + | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, helped by 4G subscriber additions and higher revenue per user.<br> The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.<br><br>31, from 298.67 billion rupees a year earlier.<br> Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES data.<br> Airtel said revenue from its India mobile services, EvDEN eVE NAKliYAT which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.<br> Its 4G data customers, too, increased by 6.4 million to hit 216.72 million.<br> Airtel's average revenue per user (ARPU), [https://www.iwatex.com/wiki/index.php/User:GabrieleEssex30 eVden eve nakliyAT] a key performance indicator [https://evigetir.com/ntpc/form.html%20-%20K%C2%8Dsayol.lnk EVdeN Eve nAKLiYaT] for telecom firms, [https://tools4projects.de/index.php?title=Two_Weeks_Ago_Nicola_Bulley_Dropped_Her_Children_Off_At_School_Took_The_Family_Dog_For_A_Walk_And_Disappeared evden Eve naKliyAT] was at 193 rupees, logging a 1.6% sequential rise and an 18.4% year-on-year increase.<br> Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.<br> Airtel added that mobile data [https://corporatefinanceinstitute.com/resources/economics/consumption/ consumption] surged by 22.5% to 20.3 GB of usage per customer per month.<br> The company's net profit for the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.<br> [http://www.onlinetopgames.net Airtel shares] closed 0. If you have any queries with regards to wherever and how to use [https://evigetir.com/evden-eve-nakliyat.html eVDEN evE NakliYat], you can get in touch with us at the page. 4% lower at 785.9 rupees ahead of the results.<br><br>They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts' revenue expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)<br> |
