BENGALURU, Feb 7 (Reuters) – Bharti Airtel Ltd , India’s No.2 telecom carrier by subscribers, reported a bigger-than-expected increase in third-quarter revenue on Tuesday, evden EVE NaKliyaT helped by 4G subscriber additions and higher revenue per user.
The company’s consolidated revenue from operations rose to 358.04 billion rupees ($4.33 billion) for the three months ended Dec.31, from 298.67 billion rupees a year earlier.
Airtel said revenue from its India mobile services, which has about 332.24 million subscribers as of the December quarter, rose 20.8% to 193.53 billion rupees.
Its 4G data customers, too, increased by 6.4 million to hit 216.72 million.
Airtel’s average revenue per user (ARPU), eVDeN EvE NAkliYAt a key performance indicator evdEN eVe nAkliYAt for telecom firms, was at 193 rupees, logging a 1.6% sequential rise and an 18.4% year-on-year increase.
Last month, market leader Reliance Jio, the telecom arm of conglomerate Reliance Industries, said its third-quarter ARPU stood at 178.2 rupees per subscriber per month, an increase of only 0.6% from a quarter ago and a 17.5% climb from a year ago.
Airtel added that mobile data consumption surged by 22.5% to 20.3 GB of usage per customer per month.
The company’s net profit for EvdEN EVE naKliYat the December quarter climbed to 15.88 billion rupees from 8.3 billion rupees a year ago.
Airtel shares closed 0. If you loved this article and you would like to be given more info relating to EVdeN evE nAkliyAt kindly visit our page. 4% lower at 785.9 rupees ahead of the results.They had fallen 5.1% since late October when the company reported September-quarter results that beat analysts’ revenue expectations. (Reporting by Rama Venkat in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)