Airtel, Indian Telecom Network Company has reported its profit by 2.8 percent.

Airtel’s net profit in the previous year in Q3 was around Rs 854 crore and now it is about 853 crore which is witnessing the 2.8 percent loss.

It has been calculated that the total revenue of the Company is about 29,867 crore.

Highlighted Points

• Mobile revenue of the company has shown a great increase of about 19.1 percent.
• The revenue of Airtel Company stood at 20,913 crores.
• Airtel Company has shown a growth of 17.9 percent year on year.

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Bharti Airtel has released a report under which it has told its declination in Year on Year profit. The third-quarter profit in the previous year was around 854 crore which is now in the year 2021 has been decreased and come to 830 crores and this is showing the percent of declination is 2.8.

After the board of meeting, Bharti Airtel has declared a report which is clearly showing the decline in the profit and the consolidated revenue for the third quarter this financial year stood at Rs 29, 867, and posting an increase of 18.3 percent year on year on a comparable basis and 12.6 percent on a reported basis.

The company’s mobile revenue also showed a growth of 19.1 percent on a comparable basis of upside in average revenue per unit (ARPU).

Bharti Airtel said for the loss “We have delivered another quarter of sustained performance across all our business segments overall sequential revenue growth was at 5.4 percent and EBITDA margins came in at 49.9 percent,” the source of the statement is Gopal Vittal, MD, and CEO, of South Asia and India Bharti Airtel.

He also added

“The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry-leading ARPU of Rs.163. The full impact of the revised mobile tariffs, however, will be visible in the fourth quarter.”

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