Bharti Airtel has reported its highest ever quarterly consolidated revenue on Tuesday. The increase in revenue is driven by the higher tariffs and a surge in the data usage from a coronavirus-fuelled swing to distant working.
The Indian telecom users were tussling with low tariffs as a consequence of a price war that cropped after Mukesh Ambani’s Reliance Jio entered the space. But last year the Jio telecom hiked their prices after an order to pay Rs 92,000 crores which were due to the government.
The hike from Reliance had helped Bharti Airtel’s consolidated revenue to rise by 22% to Rs 25,785 crores. The average income per user rose to Rs 162 for the quarter, from Rs 128, a year earlier. Also, the company’s 4G data customers rose by 14.4 million to 152.7 million by the end of September.
The loss for the quarter ended September has come at Rs 763 crores, which was Rs 23,045 crores a year earlier.