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Net profit for the quarter fell from Rs 7.6 bn in the January-March period, with muted average revenue per user (ARPU) growth due to a sharp slowdown in 4G net user adds because of the Covid second wave.

The telco had posted a loss of Rs 159.3 bn a year back.

Bharti Airtel's profit was its third successive quarter in the black after six straight losses.

ARPU, a key performance parameter for telcos, grew to Rs 1.5 bn.

Consolidated revenue grew 4.3% sequentially, and 15% year-on-year (YoY) to Rs 268.5 bn.

Airtel's overall India revenues increased 11% YoY to Rs 188.3 bn, which was also higher than Rs 183.4 bn reported in the previous quarter.

During the quarter, Airtel lost 135,000 users on a net basis to end with 321.23 m users.

Its total quarterly net 4G user adds too fell to 5.3 m from 13.7 m recorded in the January-March period, and 12.9 m in October-December.

Its competitor Reliance Jio, though, was largely unaffected by Covid and saw good traction on customer acquisitions, adding as many as 14.4 m 4G users in the June quarter.

Bharti Airtel share price has opened the day down by 1.6%.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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