BENGALURU: Telecom firm Bharti Airtel Ltd swung to a quarterly profit on Monday as it added more subscribers and saw increased data usage, helped by pandemic-led remote working trends.
The country’s second-largest telecom operator posted a consolidated profit of Rs 759 crore ($103.62 million) for the quarter ended March 31, compared with a loss of Rs 5,237 crore a year earlier.
New Delhi-based Bharti Airtel’s revenue from operations for the quarter was Rs 25,747 crore, nearly 12% higher from Rs 23,019 crore the previous year.
Airtel added 14.1 million subscribers in India during the first three months of 2021, growing its base to more than 350 million.
Rival firm Reliance Jio, controlled by billionaire Mukesh Ambani added 15.4 million net subscribers in the quarter, expanding its customer base to 426.2 million as of March 31.
Airtel’s quarterly average revenue per user at its India mobile services business rose 7.4% to Rs 145 from a year earlier.
That came even as the interconnect usage charge, the amount paid by a telco to another when its users make voice calls to subscribers of the other network, went to zero on January 1.
Bharti Airtel’s EBITDA margin improved to 48.9% in its fourth quarter from 42.4% a year earlier.