Airtel ARPU grows 6.5% to 123 in Jan-Mar 2019

prasant2020

[img src="/storage/emulated/0/Dailyhunt/235014033577c612f2e62cf67ba39235f48cd448c.jpg"][br]NEW DELHI: Telecom operator Bharti[a href="http://dhunt.in/6aCXz"] [/a]Airtelon Thursday said its average revenue per user rose by 6.5% to ₹123 in the January-March quarter which is still not at "sustainable" level for the sector.[br][br]The company had ARPU of ₹116 in the same period a year ago.[br][br]"The year has ended on a positive note with 4th quarter ARPU increasing to ₹123 though still not at sustainable levels for the industry," Gopal Vittal, MD and CEO, India & South Asia, Bharti Airtel said in a statement.[br][br]The company's loss from India mobile services business more than doubled to ₹ 1,377.8 crore in January-March 2019 compared with ₹ 482.2 crore loss in the same period of the previous fiscal year.[br][br]Bharti Airtel on May 6 had reported a surprise 29 per cent surge in March quarter net profit as exceptional income gains and Africa business helped offset losses in India mobile services operations.[br][br]The company -- whose profitability has been battered by intense price competition posed by richest Indian Mukesh Ambani's Reliance Jio -- earned a net profit of ₹107.2 crore in January-March against ₹82.9 crore it earned in the same period of the previous fiscal.[br][br]This is the first rise in profit after several quarters for the company. Revenue soared 6.2 per cent to ₹20,602.2 crore for the three months ended March 31, 2019.[br][br]The firm had an exceptional income gain of ₹2,022.1 crore in the quarter, it said in a regulatory filing to stock exchanges.[br][br]According to the quarterly performance report released Thursday, the mobile customer base of Bharti Airtel in India declined by 7.1 per cent on year-on-year basis to 28.26 crore at the end of March 2019 from 30.41 crore in March 2018.[br][br]The same was reflected in consolidated customer base which declined by 2.5 per cent on y-o-y basis to 40.36 crore in March 2019 from 41.38 crore in the previous year.[br][br]The company's consolidated net debt has increased to ₹108,235 crore from ₹106,367 crore in the previous quarter.[br][br]The consolidated mobile data traffic recorded y-o-y growth of 137% at 3,836 billion megabytes in the reported quarter.[br][br]In India, mobile data traffic of Bharti Airtel grew to 3,705 billion megabytes during the reported quarter as compared to 1,540 billion MBs in the corresponding quarter last year.[br][br]"We continue to see robust growth in usage parameters with a YOY growth of 140.2 per cent and 23.4 per cent for data and voice traffic respectively. Our investments towards building capacities will continue to remain ahead of demand," Vittal said.[br][br]He said that network expansion and content partnerships have led to some opex headwinds on a full year basis.[br][br]

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