Bharti Airtel Q2 web revenue jumps 89% to Rs 2,145 crore amid larger subscriber realisation
India’s second largest telecom operator Bharti Airtel on Monday posted an 89 per cent year-on-year rise in consolidated web revenue for second quarter ended September 2022 to Rs 2,145 crore, amid improved common realisation per subscriber.
The complete income rose 22 per cent yr on yr to Rs 34,527 crore throughout the just-ended quarter, in accordance with a press release.
Airtel CEO Gopal Vittal stated the corporate is now rolling out 5G and exuded confidence that Airtel 5G Plus will ship the very best expertise in India.
“At the same time we remain concerned about the low ROCE (Return on Capital Employed) that our business delivers due to pricing that is the lowest in the world. Given the large investments required to drive digital adoption in India, we believe there is a need for tariff correction,” Vittal stated.
Average Revenue Per User (ARPU) for the quarter stood at Rs 190 as in comparison with Rs 153 in Q2 FY22 on the again of the “continued focus on quality customers, feature phone to smartphone upgradation and data monetisation”, the Airtel assertion stated.
