Bharti Airtel reported a consolidated net profit of Rs 759 crore during the fourth quarter (January to March) of FY 2020-21. The company gave this information on Monday. The company had a loss of Rs 5237 crore in the fourth quarter of FY 2019-20.
Indian telecom company Bharti Airtel reported consolidated net profit of Rs 759 crore during the fourth quarter (January to March) of FY 2020-21. The company gave this information on Monday. The company had a loss of Rs 5,237 crore in the fourth quarter of FY 2019-20. The company has reported that Bharti Airtel’s consolidated income increased by 11.9 per cent to Rs 25,747 crore in the fourth quarter of FY 2020-21. The company had a revenue of Rs 23,019 crore in the fourth quarter of FY 2019-20.
In the fiscal year 2020-21, the company’s deficit was reduced to Rs 15,084 crore. The company had a loss of Rs 32,183 crore in FY 2019-20.
Bharti Airtel’s annual income increased to Rs 1,00,616 crore in FY 2020-21. The company had a revenue of Rs 84,676 crore in the previous financial year. Bharti Airtel has reported that the company’s global customer base stood at 47 crores for the quarter ended March 31, 2021.
During the first three months (January-March) of 2021, the number of subscribers of Airtel increased by 1.41 crores. In this way the number of subscribers of the company in India has reached 35 crores. During the first three months (January-March) of 2021, the number of subscribers of Airtel increased by 1.41 crores. In this way the number of subscribers of the company in India has reached 35 crores.
Airtel’s average revenue from the mobile business rose 7.4 percent to Rs 145 on the user.
“Our mobile revenues grew at 19.1% YoY backed by 13.7 million 4G customer additions. We are seeing strong momentum in our home business with 274000 net adds. The Enterprise segment delivered double-digit growth,” Gopal Vittal, chief executive officer of Bharti Airtel, India, South Asia, said on Monday.
“Our digital assets continue to scale and we are beginning to see strong traction in monetisation of these assets,” he added.
The absence of IUC revenue had also dragged market leader Reliance Jio’s fiscal fourth-quarter revenue to Rs 17,358 crore from Rs 18,492 crore in the previous quarter. Its net profit came in at Rs 3,360 crore compared with Rs 3,291 crore in the fiscal third quarter. ARPU fell 8.5% on quarter to Rs138.2.
Airtel added 13.4 million mobile phone users to end the quarter with 321.4 million users. Including other services such as home broadband and enterprise, Airtel’s subscriber base stood at over 350 million. On a consolidated basis, the company – with operations in 18 countries, including India, Sri Lanka, and 14 African nations, and joint ventures in two more – had over 471 million users compared with 458 million at the end of December.
On Monday, the share price of Bharti Airtel fell by Rs 12.60, or 2.25 percent, to Rs 547.80 on the NSE. At the same time, the price of one share of the company on the BSE fell by Rs 11, or 1.96 percent, to Rs 549.55.
The Sunil Mittal-led company’s shares fell 2% to Rs 549.55 at the close on the BSE on Monday, while the benchmark Sensex gained 1.7%. The telco’s earnings were announced after market hours.
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