Bharti Airtel’s Q2 net loss narrows on robust revenue growth

Mumbai, Oct 27 : Bharti Airtel’s consolidated net loss for the July-September quarter narrowed to Rs 763.2 crore, compared to Rs 23,044.9 crore reported during the corresponding period a year ago.
The net loss of the company narrowed down significantly due to a 20.7 per cent growth in its total income at Rs 25,933.9 crore.
Revenue from operations of the company stood at Rs 25,785 crore during the period under review, 22 per cent higher on a year on year basis.
The improved revenue growth came largely on the back of was driven by higher tariffs and a rise in data usage amid the work-from-home trend.
India revenues for the second quarter of FY21 stood at Rs 18,747 crore, increasing 22 per cent YoY and mobile revenues grew by 26 per cent.
The average revenue per user (ARPU) for the quarter stood at Rs 162 as compared to Rs 128 in Q2 FY20, the company said in a statement.