Sequentially, profit was 13.6 per cent lower than the ₹4,159 crore in the preceding quarter. The earnings figure fell short of the average ₹4,398 crore profit estimated by analysts surveyed by Bloomberg.
The company attributed the rise in profit to tariff repair, strong smartphone data customer additions, and underlying mix improvement.
Consolidated revenue from operations came in at ₹41,473 crore in Q2, higher by 1 per cent from ₹37,043 crore in Q2FY24. Other income in the quarter under review stood at ₹254 crore.
The company's average revenue per user (Arpu), a key performance metric for telecom firms, rose 14.7 per cent Y-o-Y to ₹233, up from the ₹203 in Q2FY24. As a result of the tariff hike, it shot up by 10.6 per cent sequentially, up from ₹211 in Q1. Airtel's Arpu is the highest in the industry, beating Jio's 191.5 and Vodafone Idea's ₹146 (as last reported by both companies).
This story is from the October 29, 2024 edition of Business Standard.
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This story is from the October 29, 2024 edition of Business Standard.
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