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Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The telecom major reported strong first-quarter results, supported by steady growth in revenue per user and continued momentum in its India mobile business.
Telecom major Bharti Airtel posted strong first-quarter results on Tuesday, with consolidated net profit rising 43% from last year to Rs 5,948 crore. Revenue climbed 28.5% year on year to Rs 49,463 crore, driven by tariff optimization in its mobile business and subscriber growth across key segments.
“We delivered another quarter of consistent growth, with consolidated revenues at [Rs] 49,463 crores growing 3.3% on a sequential basis. Our India revenue, including Passive Infrastructure Services, increased by 2.3% sequentially,” said Gopal Vittal, vice chairman and managing director at Bharti Airtel, in a statement.
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