Bharti Airtel Net Profit At Rs 941 Crore In June Quarter, Revenue Up 15% Over Higher Internet Data Usage

Bharti Airtel Q1 Results: Net profit stood at Rs 941 crore in the June quarter

Telecom giant Bharti Airtel announced its April-June quarter results for the financial year 2021-22, reporting a net profit of Rs 941.1 crore on a consolidated basis, compared to a net loss of Rs 15,933 crore in the corresponding quarter last year. The company’s revenue from operations stood at Rs 26,853. 6 crore in the first quarter of the current fiscal, compared to Rs 23,290.3 crore in the same quarter last year, marking a growth of 15.29 per cent year-on-year.

Bharti Airtel’s revenue in the mobile services segment registered a growth of 21.9 per cent year-on-year, on account of improving realizations and a sustained increase in 4G customer base amid COVID-19.

Airtel’s homes business witnessed a growth of 12.9per cent year-on-year, and its digital TV business grew by 8.7 per cent year-on-year, according to a regulatory exchange filing by the company to the stock exchanges.

On Tuesday, August 3, shares of Bharti Airtel settled 2.68 per cent higher at Rs 580.20 apiece on the BSE.

Author: desi123 is an online news portal that aims to provide the latest trendy news for Asians living in Asia and around the World.

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