Bharti Airtel's net revenue for September quarter zoomed 300% on quarter-on-quarter basisBharti Airtel's combined net profit for the second quarter of the current fiscal stood at Rs 1,134 crore and was a huge 300 percent more than Rs 283 crore net earnings taped in the very first quarter of 2021-22.
The huge jump in earnings was generally due to higher earnings clocked by the business throughout the July-September quarter of 2021-22.
By the way the telecom significant had actually taped a loss of Rs 763 crore in the corresponding duration of last year.The profits from operations increased by 5.4 per cent to Rs 28,326 crore in the September quarter as versus Rs 26,853 crore recorded in the June quarter of current fiscal.
On a year-on-year basis, the earnings rose 13 per cent as against Rs 25,060 crore of the last year period.
We continue to preserve high degree of financial versatility.
As a result, we have actually now achieved Nil bank debt for our India organizations.
We will continue to evaluate all alternatives to maintain comfortable leverage profile and handle associated expenses.
During the quarter gone by, we sustained our functional excellence with a healthy 5.5 percent sequential development in combined incomes and growth of EBITDA margin to 49.5 per cent, stated handling director and CEO of Bharti Airtel, Gopal Vittal.Consolidated revenues before interest, taxes and devaluation or EBITDA of the business was at Rs 14,018 crore for the September quarter.Airtel's average profits per user (ARPU) enhanced to Rs 153 in the 2nd quarter as versus Rs 143 in the year ago period.Segment wise, revenues from India mobile services organization were at Rs15,191 crore as compared to Rs 13,831 crore in the year-ago duration.