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Airtel posts highest-ever quarterly revenue in Q3FY21; ARPU rises to ₹166 – Mint

Telecom operator Bharti Aitel reported highest ever consolidated quarterly revenues in Q3FY21 on the back of strong customer addition. Airtel posted a 24% year-on-year increase in consolidated revenues to 26,518 crore for the quarter ended on 31 December. The revenue from Airtel’s India business grew 25.1% year-on-year to 19,007 crore during the quarter under review. This was also the highest ever consolidated quarterly revenues from India business, the company said in the regulatory filing. The mobile services revenues from India business increased 32.4% YoY in December quarter, thanks to strong demand for connectivity and solutions.

The Average Revenue Per Unit at India’s largest telecom operator, increased to 166 during third quarter in FY21 against 135 for the same period last year.

The telecom operator posted a consolidated net profit of 854 crore for the quarter ended in December. “Consolidated EBITDA witnessed an increase of 38.2% YoY to 12,178 crore in Q3’21. This led to an improvement in EBITDA margin from 41.3% in Q3’20 to 45.9% in Q3’21,” the company said.

Commenting on the performance, Gopal Vittal, managing director and chief executive officer, India & South Asia, said, “Despite the unprecedented volatility that we have confronted through the year, we delivered another strong performance this quarter. This consistency in performance was across every part of our portfolio, as reflected in market share growth across all our business segments.

“This has been made possible due to our agility, the continued re-orientation of our business model and our relentless focus on what truly matters – serving our customers,” he added.

A record of 4G customers joined country’s largest telecom operator during the quarter. The number of 4G customers rose 33.8% YoY to 165.6 million. During the last four quarters, Airtel added 42 million 4G customers to its network. The average data usage per data customer at 16.4 GBs per month; while voice usage was at 1,027 minutes per customer per month. The company also added 700,000 postpaid customers in the December quarter.

“Airtel Business continues to accelerate its momentum with 9.2% YoY growth, driven by demand for connectivity and solutions across global business and domestic businesses,” the operator said the regulatory filing.

“The main highlight of the quarter was the 13 million 4G customers we added in our Wireless business. As a result, we grew our revenues by ~25% over the same period last year and margins expanded. We are also proud to have become India’s first Telco to have demonstrated a LIVE 5G service over a commercial network in Hyderabad city. This reaffirms our strategy to win with quality customers,” Vittal added.

On Adjusted Gross Revenue (AGR) dues, Airtel said, “During the quarter, the Group has filed an application before the Hon’ble Supreme Court inter-alia highlighting basic arithmetical, clerical and computational errors in the DOT demand. The application is pending adjudication.”

On COVID-19, the telecom operator said, “While the pandemic continues, we see a gradual return to normalcy. Our focus continues to be on delivering uninterrupted services and great end user experience while ensuring safety of our employees and partners continues to remain our key priority.”

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