Bharti Airtel Q1 Results: Net profit stood at Rs 284 crore in the June quarterTelecom huge Bharti Airtel revealed its April-June quarter outcomes for the fiscal year 2021-22, reporting a net earnings of Rs 284 crore on a consolidated basis, compared to a bottom line of Rs 15,933 crore in the corresponding quarter in 2015.

On a consecutive basis, Airtel's net profit decreased 63 percent in the June quarter, compared to Rs 759 crore in the preceding January-March quarter of fiscal 2020-21.

The business's revenue from operations stood at Rs 26,853.

6 crore in the first quarter of the current financial, compared to Rs 23,290.3 crore in the exact same quarter last year, marking a development of 15.29 percent year-on-year.

Bharti Airtel's revenue in the mobile services sector registered a growth of 21.9 percent year-on-year, on account of improving realizations and a sustained increase in 4G consumer base in the middle of COVID-19.

The company stated that its 4G customers were up by 46.1 million from a year earlier, reaching 184.4 million users.

Airtel's month-to-month mobile data consumption per consumer stood at 18.5 GBs, up by 13.7 percent year-on-year.

The telecom sector has actually gained from increased data use throughout the COVID-19 pandemic due to work-from-home trends.

Bharti Airtel's quarterly mobile average profits per user (ARPU) - a crucial metric for telecoms companies, was Rs 146, compared to Rs 138 in the year-ago duration.

In the preceding January-March quarter of fiscal 2020-21, the business's ARPU was Rs 145.

Airtel's homes business saw a growth of 12.9 percent year-on-year, and its digital TELEVISION company grew by 8.7 percent year-on-year, according to a regulative exchange filing by the company to the stock exchanges.

While our wireless earnings was affected by the Covid lockdown caused downturn in terms of gadget deliveries and a monetary capture at the lower end of the market, our general performance showed the durability and strength of our portfolio.We added ~ 5.1 Mn 4G customers throughout the quarter and our enterprise business in India continued to provide strongly.

Our homes business grew by just about 13 percent over in 2015 and included 285K consumers in the quarter, the highest ever, said Gopal Vittal, MD and CEO, India - South Asia.On Tuesday, August 3, shares of Bharti Airtel settled 2.68 percent higher at Rs 580.20 apiece on the BSE.