Bharti Airtel released unaudited operational highlights for the India business late Tuesday.
Bharti Airtel reported a fall in its average revenue per user (ARPU) in the September quarter. The company recorded an ARPU of Rs 128 in the September quarter, down from Rs 129 in the June quarter.Monthly subscriber churn - the percentage of users leaving the network - dropped to 2.1% from 2.6% in the previous quarter, while average data usage per customer jumped almost 10% on quarter and over 42% on year to 13.11 GB, while voice usage per customer fell 4.5% on quarter but rose 23.7% on year.
Airtel's revenue from mobile services in India was Rs 10,811 crore in the three months ended 30 September, up from Rs 10,724 crore in the June quarter. Its subscriber base grew from 276.81 million in the preceding quarter to 279.43 million in the September quarter.
The company, meanwhile, delayed its Q2 results from 29 October 2019 to 14 November 2019 as it requires more clarity on the annual gross revenue (AGR) matter arising out of recent judgement of the Supreme Court. The firm is approaching Department of Telecommunications (DoT) to seek clarity on the total amounts involved and request for them for their support to deal with the current situation.
Shares of Bharti Airtel were up 1.75% at Rs 366.25. On the BSE, 1.04 lakh shares were traded in the counter so far compared with average daily volumes of 7.31 lakh shares in the past two weeks. The stock hit an intraday high of Rs 369 and an intraday low of Rs 362.05 so far during the day.
The stock hit a 52-week high of Rs 396.55 on 14 October 2019. The stock hit a 52-week low of Rs 256.21 on 31 October 2018.
More From This Section
On a consolidated basis, Bharti Airtel reported a net loss of Rs 1,776.93 crore in Q1 June 2019 compared with a net profit of Rs 57.85 crore in Q1 June 2018. The net sales rose 4.7% to Rs 20,737.90 crore in Q1 June 2019 over Q1 June 2018.
Bharti Airtel is a global telecommunications company with operations in 17 countries across Asia and Africa. In India, the company's product offerings include 2G, 3G and 4G wireless services, mobile commerce, fixed line services, high-speed home broadband, DTH and enterprise services.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content