InvestorQ : How were the quarterly numbers of Bharti Airtel for Mar-21 quarter and what is your view?
Ria Jain made post

How were the quarterly numbers of Bharti Airtel for Mar-21 quarter and what is your view?

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swati Bakhda answered.
4 weeks ago
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Bharti Airtel reported a turnaround in net profits to Rs.759 crore for the Mar-21 quarter in stark contrast to a net loss of Rs-5,237 crore in the Mar-20 quarter. However, this contrast was more on account of exceptional losses in the Mar-20 quarter for huge asset impairments provided for. In addition, in the Mar-21 quarter, Bharti also got the added benefit of exceptional write-back of impairment losses written off previously.

Net profits were lower by 11% on a sequential basis compared to the Dec-20 quarter. Bharti reported sales revenues from operations up 12% at Rs.25,747 crore. The bugbear of the quarter was the average revenue per user or ARPU falling to Rs.145, compared to Rs.166 in Dec-20 quarter. Revenues from India business were up 9.6% yoy and even mobile services were boosted by customer accretion in the quarter.

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