Difference between revisions of "India apos;s Bharti Airtel Beats Q3 Revenue View On Rise In 4G Users"
KiraTrudel (talk | contribs) m |
PiperChrist2 (talk | contribs) m |
||
| Line 1: | Line 1: | ||
| − | BENGALURU, Feb 7 (Reuters) - Bharti Airtel Ltd , India's No.2 telecom carrier by subscribers, | + | 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, [https://dekatrian.com/index.php/Billionaire_Property_Developer_Predicts_MORE_NYers_Will_Flee_To_FL eVDEN eve NAkliYaT] 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, [https://evigetir.com/evdeneve/index.html eVdeN EVE nAKLiYaT] 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 telecom firms, [https://evigetir.com/evdeneve/ee.html 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. For more regarding [https://evigetir.com/evdeneve/evden-eve-nakliyat.html evDEN evE NakLiyaT] take a look at our own [http://data.webads.co.nz/snz.asp?http%3a%2f%2fwww.arielsgallery.bravehost.com%2f&%2bwebsite website]. 2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and [https://cahaya.my.id/the-man-who-monetized-community-in-the-office-space-with-the-controversial-wework-has-turned-the-same-theory-to-residential-properties-with-his-newest-venture-flow-3 EvDen Eve NaKliyat] 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 [https://evigetir.com/anasayfa.html eVDEN EvE NAKliYat] the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.<br> Airtel shares closed 0.4% 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 18:24, 3 March 2023
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.
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, eVDEN eve NAkliYaT 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, eVdeN EVE nAKLiYaT 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 telecom firms, Evden Eve nAKliyaT was at 193 rupees, logging a 1.6% sequential rise and an 18.4% year-on-year increase.
Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178. For more regarding evDEN evE NakLiyaT take a look at our own website. 2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and EvDen Eve NaKliyat 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 eVDEN EvE NAKliYat the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.
Airtel shares closed 0.4% 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)
