Bharti Airtel posted strong profits in the March 2021 quarter.
Bharti Airtel had a loss of Rs 5,237 crore during the fourth quarter of the financial year 2019-20. Airtel added more subscribers during the March 2021 quarter. Also, the company’s data usage (Data Usage) has increased due to Work from Home (WFH).
New Delhi. Telecom operator Bharti Airtel reported strong profits in the fourth quarter of the financial year 2020-21. The company said that it had a net profit of Rs 759 crore during the March 2021 quarter. Consolidated income of Bharti Airtel increased 12 per cent year-on-year to Rs 25,747 crore in the fourth quarter. In the same quarter a year ago, the company’s revenue was Rs 23,019 crore. Explain that the company had a loss of Rs 5,237 crore during the March 2020 quarter. Airtel’s data usage increased due to work from home in lockdown Bharti Airtel added more subscribers during the March 2021 quarter. Also, due to Corona virus infection, work from home (WFH) has increased the company’s data usage (Data Usage). The telecom company’s average earnings per user (ARPU) fell by 5.8 per cent to Rs 145 during the March 2021 quarter. It was Rs 154 per user in the same quarter last year. The market regulator removed the interconnect charge from January 1, 2021, due to which a decline in ARPU has been recorded. read this also- AirAsia facilitates free cancellation of flights, can also reschedule travelThe company incurred losses of more than 15 thousand crores on an annual basis. Bharti Airtel shares fell nearly 2 per cent to close at Rs 549 per share before the fourth quarter results. Bharti Airtel incurred a loss of Rs 15,084 crore in FY 2020-21 on an annual basis, compared to Rs 32,183 crore in FY 2019-20. Bharti Airtel’s annual revenue crossed Rs 1,00,616 crore in FY 2020-21, up from Rs 84,676 crore in FY 2019-20. The company’s global customer base in the January-March 2021 quarter was around 47 crore.