Bharti Airtel profit drops 2.8% to Rs 830 crore in Q3; revenue up 12.6%

The company generated free-cash flow of Rs 8,803 crore during the quarter, up from Rs 5,314 crore a year ago and Rs 7,046 crore in the previous quarter

Telecom major Bharti Airtel’s net profit dipped 2.8 per cent year on year to Rs 830 crore in the October-December quarter (Q3) of 2021-22. In the same period last year, the company had posted a net profit of Rs 854 crore. Its operational performance was better than Street estimates, but the net profit fell short of expectations, mainly because of higher tax outgo.

The company’s revenue for the quarter grew 12.6 per cent to Rs 29,867 crore on a year-on-year (YoY) basis. The average revenue per user (Arpu) rose 6.5 per cent sequentially and 11.6 per cent YoY to Rs 163