ARPU, a key performance metric for telcos, grew to Rs 153 from Rs 146 in the June quarter. The telco’s consolidated revenue grew nearly 19 per cent year-on-year and 5.5 per cent sequentially to Rs 28,326 crore. The telco had posted a loss of Rs 763 crore a year back.
”During the quarter gone by, we sustained our operational excellence with a healthy 5.5 per cent sequential growth in consolidated revenues and expansion of EBITDA margin to 49.5 per cent,” Gopal Vittal, managing director of Bharti Airtel, India, South Asia, said in a statement Tuesday. He added that Airtel continued to maintain a “high degree of financial flexibility, which is why “we have now achieved nil bank debt for our India businesses”.
He also welcomed the reforms announced by the government for the telecom industry, saying this would, “add to the ability of the industry to invest so as to drive India’s digital story”.
The Sunil Mittal-led telco’s shares closed marginally higher at Rs 712.90 on the BSE Tuesday. The company’s earnings were announced just after market hours.
