Bharti Airtel Q4 results: Bharti Airtel Q4 net profit at Rs 759 Crore, ARPU at Rs 145

NEW DELHI: posted a net profit of Rs 759 crore in the October-December period – its second successive quarter in the black after six straight losses – but it fell from Rs 854 crore in the previous quarter, due to the absence of interconnection usage charges which dragged average revenue per user (ARPU) lower.

The telco had posted a loss of Rs 5,237 crore a year back.

Quarterly revenue fell 2.9 per cent on quarter to Rs 25,747 crore, also due the absence of IUC which became zero from January 1, 2021. Revenue though rose 12 per cent on year. The IUC impact dragged ARPU to Rs 145 from Rs 166 in October-December quarter.

Airtel added over 14 million subscribers in India.

“Our mobile revenues grew at 19.1 per cent YoY backed by 13.7 million 4G customer additions. We are seeing strong momentum in our homes business with 274000 net adds. The Enterprise segment delivered double digit growth. Our digital assets continue to scale and we are beginning to see strong traction in monetisation of these assets,” Gopal Vittal, chief executive officer of Bharti Airtel, India, South Asia, said on Monday.

Airtel shares fell 2 per cent to Rs 549.55 at the close on the BSE on Monday, while the benchmark Sensex gained 1.7 per cent. The telco’s earnings were announced after market hours.