Bharti Airtel's Revenue Jumps Over 22% In Q4 On Tariff Hike

Indian telecom operator Bharti Airtel Ltd on Tuesday reported a 22.3% jump in fourth-quarter revenue, boosted by a recent tariff hike.

Bharti Airtel's Revenue Jumps Over 22% In Q4 On Tariff Hike

Airtel reported consolidated revenue from operations of Rs 31,500 crore for the quarter ended March 31.

Bengaluru:

Indian telecom operator Bharti Airtel Ltd said on Tuesday its fourth-quarter profit beat estimates and revenue jumped 22.3%, boosted by a recent tariff hike.

Its average revenue per user (ARPU) - a key performance indicator in the telecom industry - came in at Rs 178 for the quarter, up from Rs 145 from a year earlier. ARPU of rivals Reliance Jio and Vodafone Idea for the same period was Rs 167.6 and Rs 124, respectively.

Airtel, India's second-biggest carrier, said in November when it announced tariff hikes that mobile ARPU needed to be at Rs 200 and ultimately at Rs 300, for a financially healthy business model.

The company has been raising money to fund its digital ambitions, including developing home broadband, data centres, cloud adoption as it prepares to launch its next-generation 5G services in the country.

In January, it announced an investment of up to $1 billion from Alphabet Inc's Google.

Airtel said on Sunday it would set up its fourth digital technology hub in the country, as part of plans to expand its in-house digital engineering capabilities.

Its consolidated net profit came in at Rs 2,008 crore for the quarter, up from Rs 759 crore a year earlier. Analysts had expected a profit of Rs 1,978 crore, according to Refinitiv IBES data.

The company reported consolidated revenue from operations of Rs 31,500 crore ($4.06 billion) for the quarter ended March 31, compared with Rs 25,747 crore in the same period last year, according to a regulatory filing.

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