Bharti Airtel’s Q2 net profit increased by 89% to Rs 2,145 crore due to higher subscriber realisation

In the recently completed quarter, total sales increased 22% year over year to Rs 34,527 crore, according to a statement.

Bharti Airtel, the second-largest telecom provider in India, announced on Monday that its consolidated net profit for the second quarter ended September 2022 increased by 89% year over year to Rs 2,145 crore due to higher average realisation per subscriber.

In the recently completed quarter, total sales increased 22% year over year to Rs 34,527 crore, according to a statement.

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Gopal Vittal, the CEO of Airtel, announced that 5G is now being rolled out and exuded assurance that Airtel 5G Plus will offer the finest experience in India.

“At the same time we remain concerned about the low ROCE (Return on Capital Employed) that our business delivers due to pricing that is the lowest in the world. Given the large investments required to drive digital adoption in India, we believe there is a need for tariff correction,” Vittal said.

The quarter’s average revenue per user (ARPU) increased to Rs 190 from Rs 153 in Q2 FY22 as a result of the “continuing focus on quality consumers, feature phone to smartphone upgradation and data monetisation,” according to a statement from Airtel.