Bharti Airtel announced its financial results on Tuesday (3 August 2021). According to the results, the company has achieved a net profit of Rs 284 crore in the first quarter (April-June) of the current financial year, compared to a loss of Rs 15,933 in the first quarter of the previous financial year (2020-21). The company’s revenue has increased by 15.3 percent in the first quarter of the current financial year. In the first quarter of the current financial year, it increased by 15.3 percent to Rs 26,854 crore as compared to the first quarter of the previous financial year.
The company’s ARPU also increased significantly
The average earnings per user (ARPU), which is considered to be an important measure of earnings of telecom companies, has also increased. In the first quarter of the last financial year, the ARPU was Rs 138, while in the first quarter of the current financial year, the ARPU increased to Rs 146. Commenting on the company’s results, its MD & CEO (India & South Asia) Gopal Vittal said that Airtel’s increased ARPU is a result of increase in quality customers.
Nifty-50 New High: Nifty crosses 16 thousand for the first time, know which stocks have sprung up in the market, which have the chance of profit
The company’s revenue increased to Rs 26,854 crore
The company’s revenue has increased by Rs 1,106 crore as compared to the previous quarter, which has now reached Rs 26,854 crore. At the same time, the EBITDA margins of the company has increased to 49.1 percent as compared to 48.9. The company has said that there has been a decline in its device shipments due to the COVID lockdown. Financial difficulties have arisen at the lower end of the market. However, the overall performance of Airtel is quite good. This shows the strength of its portfolio.