Five things you need to know about Bharti Airtels Q1 result
Bharti Airtel financial results brought to light some interesting insights. We tell you all you need to know about the largest telecom players financials.
Key Highlights
- Consolidated profit for Airtel was lowest in over four years.
- Mobile data revenues fell 16.8% YoY.
- Airtel's ARPU was Rs 154 in Q1 which was down 21% YoY growth.
India’s largest telecom operator, Bharti Airtel announced its first quarter ending June 30 of the fiscal year FY18 results on Tuesday and reported a dip in net profit that was nearly 75%.
“The pricing disruption in the Indian telecom market caused by the entry of a new operator continued with industry revenues declining over 15% Y-o-Y, creating further stress on sector profitability, cash flows and leverage,” said Gopal Vittal, MD and CEO, India & South Asia.
Reuters report said.
Bharti Airtel's net income drops by 75% as Jio disrupts profits
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