Telecom giant Bharti Airtel announced its April-June quarter results for the financial year 2021-22, reporting a net profit of Rs 284 crore on a consolidated basis, compared to a net loss of Rs 15,933 crore in the corresponding quarter last year. The company’s revenue from operations stood at Rs 26,853. 6 crore in the first quarter of the current fiscal, compared to Rs 23,290.3 crore in the same quarter last year, marking a growth of 15.29 per cent year-on-year.
Bharti Airtel’s revenue in the mobile services segment registered a growth of 21.9 per cent year-on-year, on account of improving realizations and a sustained increase in 4G customer base amid COVID-19.
Airtel’s homes business witnessed a growth of 12.9per cent year-on-year, and its digital TV business grew by 8.7 per cent year-on-year, according to a regulatory exchange filing by the company to the stock exchanges.
On Tuesday, August 3, shares of Bharti Airtel settled 2.68 per cent higher at Rs 580.20 apiece on the BSE.