Aug 08, 2022 05:13 pm
Bharti Airtel, India’s top telecom provider today declared its Q1 results for 2022-23. It reported a 467 percent year-on-year jump in consolidated net profit at Rs 1,607 crore for the quarter ended June 30, 2022.
The telecom major's consolidated revenue rose 22 percent YoY to Rs 32,805 crore. On a sequential basis, it was up 4 percent.
Year-on-year growth was aided by a healthy addition of subscribers as well as an improvement in average revenue per user after a round of tariff hikes.
Bharti Airtel closed flat at Rs 704.35 on August 8 on the National Stock Exchange. The stock has appreciated 18 percent over the past year but has remained flat over the month.