Airtel revenue climbs 20% in Q3; Arpu gap to Jio rises
Boosted by premium customer additions, higher customer spending and growth in its home broadband business, Bharti Airtel reported strong revenue and operating performance in the October-December quarter, even as its net profit fell significantly due to one-off factors and an exceptional gain in the year-ago period.
On Thursday, India’s second-largest telecom operator by market share reported a 55% year-on-year (y-o-y) fall in its net profit to ₹6,631 crore, about 7% lower than Bloomberg’s estimates. Sequentially, it fell 2.4% in Q3 from ₹6,791.7 crore in the preceding quarter.
