Airtel posts Q3 profit of Rs 854 cr; logs highest-ever quarterly revenue

Continuing its turnaround in earnings during the past few quarters, telecom operator Airtel returned to the black and reported a profit of Rs 853.6 crore for the quarter ended December 31, 2020, (Q3FY21). The company posted a loss of Rs 1,035 crore during the same period a year ago. The loss was Rs 763 crore in the September quarter (Q2FY21).

The telco posted its highest ever consolidated quarterly revenue for the quarter under review. The revenue from operations increased 24 per cent to Rs 26,518 crore as against Rs 21,343 crore during the same period a year ago. The revenue was Rs 25,060 crore in the September quarter (Q2FY21).