5 times profit..? Airtel gave a pleasant surprise to investors..!

Sowmiya Sriram
5 times profit..? airtel gave a pleasant surprise to investors..!

Bharti airtel, the only company capable of competing against akash Ambani's reliance Jio in the indian telecom market, has given investors a pleasant surprise by posting higher profits in the june quarter. While all telecom operators are busy on the 5g service launch, Bharti airtel has surprised investors by announcing its quality quarterly results.
Bharti airtel has reported around 467 percent higher consolidated net profit for the quarter ended june 30 than last year. With this, Airtel's profit in the june quarter rose to Rs 1,607 crore. Similarly, the profit fell by 20 percent compared to the march quarter.
Also, Airtel's consolidated revenue increased by 22 percent to Rs 32,805 crore in the june quarter. This is an increase of 4 percent compared to the march quarter. Bharti Airtel's customer growth and average revenue per customer increased in the june quarter. The development has come after Telecom has upgraded its services several times, so confidence among investors has increased in the company.
Bharti Airtel's india business alone generated revenue of around Rs 23,319 crore, especially from mobile services, which saw a growth of 27.4 percent. Similarly, Airtel's revenue from other businesses rose to 15.2 percent. Also, Airtel's customer base has increased by 41.9 percent to 36.2 crore telecom customers, and has become the second largest telecom company in India.
Bharti Airtel's Africa business revenue posted a year-on-year rise of 15.3 percent in constant currency terms. Bharti airtel has around 13.16 crore customers in Africa.
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