Airtel consolidates its position against Jio, registers a quarterly revenue rise of 21%

Bharti Airtel has shared quarterly results for the first quarter of the year 2022. In its quarterly results, the company reported quarterly revenue of ₹26,854, which is 21.2% more than the company’s earnings in the first quarter of 2021. Airtel said that its consolidated EBITDA stood at ₹13,189 crore while the India business posts EBITDA stood at ₹9,273 crore.

As far as individual businesses are concerned, Airtel said that the revenue in the case of the mobile services in India was up 21.9% year-on-year, which happened due to improving realizations and sustained increase in 4G customer base. Airtel’s Business revenues also improved in this quarter. It was up by 8.2% year on year. Its homes business also demonstrated growth of 12.9% YoY, while Airtel’s digital TV business was up by 8.7% YoY.