Airtel Q2 net falls 37.5% to Rs 1,341 cr

New Delhi: Telecom company Bharti Airtel on Tuesday reported a 37.5 per cent drop in its consolidated net profit to Rs 1,341 crore for the second quarter ended September 30.

The net profit stood at Rs 2,145 crore a year ago. For the just-ended quarter, the consolidated net income (before exceptional items) came in at Rs 2,960 crore, up by 44.2 per cent year-on-year. The quarterly revenue rose 7.3 per cent to Rs 37,044 crore, "backed by strong and consistent performance in India operations", according to the company statement.

"This has been yet another quarter of solid revenue growth and improved margins.

Our India revenue continues to gain momentum and grew sequentially by 2.4 per cent. Our consolidated revenue, however, was impacted by the devaluation of the Nigerian Naira," Bharti Airtel Managing Director Gopal Vittal said.

The company recorded 7.7 million 4G/5G net subscribers addition and exited the quarter with an "industry-leading ARPU of 203", he added.