Bharti Airtel posted their numbers for the fourth quarter of 2020 on Monday.
Bharti Airtel’s Q4 in Numbers
The telco posted a net profit of Rs 759 crore in the October-December period. Notably, this was its second successive quarter in the black after six straight losses. However, the profit was slightly down from Rs. 854 crore in the previous quarter.
The telco attributed that loss to the absence of interconnection usage charges which dragged average revenue per user (ARPU) lower. Airtel’s quarterly revenue fell 2.9% Q-o-Q to Rs. 25,747 crore. This loss was also due IUC being absent, which became zero from January 1, 2021.
Incidentally, during the same period in 2019, the telco had posted a loss of Rs. 5,237 crore.
However, revenue rose 12% year on year. The absence of IUC dragged down the ARPU as well, from Rs. 166 in the quarter before to Rs. 145 in the quarter reported.
During the Q4, the Sunil Mittal-led telecom added over 14 million subscribers in India.
Gopal Vittal, CEO, Bharti Airtel (India-South Asia) said, “our mobile revenues grew at 19.1% YoY backed by 13.7 million 4G customer additions”. Further, he added, “we are seeing strong momentum in our homes business with 2,74,000 net adds. The Enterprise segment delivered double digit growth. Our digital assets continue to scale and we are beginning to see strong traction in monetisation of these assets”.