Bharti Airtel clocks Rs 1,134-cr consolidated net profit, beats estimates

Payments Bank turns profitable; Nil bank debt in India businesses

Bharti Airtel on Tuesday rang up a consolidated net profit of Rs 1,134 crore for the quarter ended September 30, beating estimates, aided by improved operational performance and exceptional income.

Brokerages had expected Bharti Airtel to show impressive sequential growth in net profit for the July-September quarter (Q2FY22) on the back of a steady subscriber base and tariff hikes in select pre- and post-paid plans. In the corresponding quarter last year, the company posted a net loss of Rs 763 crore.

The average revenue per user for the quarter came in at Rs 153 against Rs 143 in the same period last