India’s second-largest telecom operator Bharti Airtel on Monday announced consolidated net profit rose 89% year-on-year in the second quarter ending September 2022 to Rs. 2,145 crore, against the backdrop of improved average awareness per subscriber.
Total revenue increased 22% year-on-year to Rs. 34,527 crore for the quarter just ended, according to a statement.
Airtel Gopal Vittal CEO said the company is now rolling out 5G and expressed confidence that Airtel 5G Plus will deliver the best experience in India.
“At the same time, we remain concerned about the low ROCE (Return on Capital Used) our business offers due to some of the lowest prices in the world. With the large investments needed to accelerate adoption digital usage in India, we believe there is a Vittal speaking.
Average revenue per user (ARPU) for the quarter stood at Rs. 190 against Rs. 153 in the second quarter of fiscal year 22 was based on “continued focus on quality customers, feature phones upgrading smartphones, and data monetization,” the Airtel statement said.
A few days back, India’s largest telecom operator Reliance Jio also posted their quarterly results, sharing a 28% year-on-year increase in September quarter net profit to Rs. 4,518 crore. Meanwhile, Reliance Jio’s (RJIL) operating revenue increased 20.2% to Rs. 22,521 crore for the quarter just ended from Rs. 18,735 crore during the previous one year period.
The company said it is set to complete the 5G rollout by December 2023. The 5G rollout, the company said, will further improve the subscriber mix and per capita index and accelerate the speed. data growth.
Jio Platforms net profit increased about 27% to Rs. 4,729 crore for the reported quarter.
