Bharti Airtel profit up 24% to 10,710cr

NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from the same period last fiscal, thanks to strong revenue growth across its India and Africa businesses. The company reported an average revenue per user (ARPU) at Rs 271, up 5.8% from Rs 256 in last Q2. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore this Q2. The leading telecom player’s share price closed 0.2% down at Rs 2,062 Thursday on BSE when the broader market was up 2.6%.Executive VC Gopal Vittal said, “We delivered another quarter of consistent performance with consolidated revenues of Rs 60,878 crore, increasing 4% QoQ, underscoring the strength of our portfolio. Africa delivered a standout quarter with 6.7% QoQ constant currency revenue growth.”