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By Malvika Gurung
Investing.com — The country’s second-largest telecom operator Bharti Airtel (NS:) released its earnings results for the September ending quarter on Monday, posting a lower-than-expected profit figure.
The private telco’s consolidated net profit jumped by 89% on a YoY basis to Rs 2,145 crore during the September quarter, missing the Street’s estimate of up to Rs 2,544 crore. On a sequential basis, the bottomline rose 33.5%.
Its revenue from operations advanced 22% YoY and 5.3% QoQ in the quarter under focus, exceeding the analysts’ estimate, led by robust and consistent performance delivery across the portfolio and exceeding over 500 million customers globally.
The mega-cap firm’s consolidated EBITDA surged nearly 27% YoY and 6.7% sequentially to Rs 17,721.2 crore, while EBITDA margin expanded to 51.3% in the quarter, compared to 49.5% last year and 50.6% in Q1.
In the domestic market, the telecommunications major witnessed a 23.7% YoY and 3.6% QoQ rise in its average revenue per user (ARPU) per month at Rs 190, better than the leading telco Reliance (NS:) Jio’s rise.
However, Bharti Airtel’s net subscriber additions tumbled 61% YoY in Q2, adding 4.9 lakh subscribers.
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