Bharti Airtel mobile biz arpu dives after removal of IUC

CHENNAI: Telecom services provider Bharti Airtel on Monday reported a sequential drop in both consolidated net profit and revenue during the fourth quarter of FY21 (ended March 31 (Q4FY21) after the removal of the Inter-connect Usage Charge (IUC) system led to a fall in its average revenue per user (ARPU) in its wireless business.

The company declared a consolidated net profit of Rs 759 crore for the quarter compared to a loss of Rs 5,237 crore in the same period a year ago.The company also reported an annual turnover of more than Rs 1 lakh crore for the first time in FY21.