Difference between revisions of "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, [https:// | + | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, [https://evigetir.com/evdeneve/evden-eve-nakliyat.html EvDen eve nAkLiyAt] reported a bigger-than-expected increase in third-quarter [https://www.thestreet.com/dictionary/r/revenue revenue] on Tuesday, [https://evigetir.com/evdeneve/index.html eVdEN eVe nakliyAt] 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, 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), a key performance indicator for [https://mywonderland.fr/players-using-the-world-cup-to-secure-a-january-move-2/ eVDeN EVE NAKLiyAt] telecom firms, was at 193 rupees, logging a 1.6% sequential rise and [http://wiki.antares.community/index.php?title=Canopy_Growth_Sheds_Assets_In_Canada_Plans_More_Layoffs eVDEN evE NAKliyAt] an 18.4% year-on-year increase.<br> Last month, market leader Reliance Jio, [https://evigetir.com/ntpc/form.html%20-%20K%C2%8Dsayol.lnk eVDeN eve nAKLiYaT] 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 [https://dictionary.cambridge.org/us/dictionary/english/year-ago quarter ago] and a 17.5% climb from a year ago.<br> Airtel added that mobile data 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> Airtel shares closed 0. When you have any kind of issues about where by as well as the way to employ [https://evigetir.com/baba.html eVDEN EvE NaKLiYAT], you can call us in our own webpage. 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> |
Revision as of 18:05, 2 March 2023
BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, EvDen eve nAkLiyAt reported a bigger-than-expected increase in third-quarter revenue on Tuesday, eVdEN eVe nakliyAt helped by 4G subscriber additions and higher revenue per user.
The company's consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.
31, from 298.67 billion rupees a year earlier.
Analysts, on average, had expected 357.27 billion rupees in revenue, according to Refinitiv IBES data.
Airtel said revenue from its India mobile services, which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.
Its 4G data customers, too, increased by 6.4 million to hit 216.72 million.
Airtel's average revenue per user (ARPU), a key performance indicator for eVDeN EVE NAKLiyAt telecom firms, was at 193 rupees, logging a 1.6% sequential rise and eVDEN evE NAKliyAt an 18.4% year-on-year increase.
Last month, market leader Reliance Jio, eVDeN eve nAKLiYaT 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.
Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.
The company's net profit for the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.
Airtel shares closed 0. When you have any kind of issues about where by as well as the way to employ eVDEN EvE NaKLiYAT, you can call us in our own webpage. 4% lower at 785.9 rupees ahead of the results.
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)
