Bharti Airtel beats Q1 revenue view on subscriber growth, tariff hikes

Indian telecom major Bharti Airtel reported a bigger-than-expected first-quarter revenue on Thursday, helped by the steady addition of 4G subscribers and tariff hikes.

Consolidated revenue from operations rose 14.1 per cent to 374.40 billion rupees ($4.53 billion) for the quarter ended June 30, the company said in a filing.

Analysts, on average, had expected revenue of 366.24 billion rupees, according to Refinitiv IBES data.

Airtel’s average revenue per user (ARPU), a key metric for telecommunication companies, rose over 9 per cent year-on-year to 200 rupees, up 3.6 per cent from its previous quarter, thanks to its much-anticipated tariff hikes.