Bharti Airtel posts Q1 loss of Rs 15,900 cr; revenue up 15% on data usage

Bharti Airtel Ltd on Wednesday documented a fifteen.four for each cent rise in initially-quarter income

Bharti Airtel Ltd on Wednesday documented a fifteen.four for each cent rise in initially-quarter income as consumers eaten extra facts for the duration of the coronavirus crisis, even at larger premiums.

Consolidated income rose to Rs 23,939 crore ($3.20 billion) in the a few months ended June thirty, in comparison with Rs 20,738 crore a calendar year back, the country’s second-premier telecom operator by subscribers mentioned in a regulatory submitting.

India imposed a nationwide lockdown in late March, forcing thousands and thousands of individuals to remain indoors. Though the restrictions have been steadily eased, the wellness crisis has saved lots of individuals indoors, boosting net intake in the place.

Airtel posted a consolidated decline of Rs fifteen,933 crore in the quarter, in comparison with a decline of Rs 286 crore a calendar year earlier.