Bharti Airtel posts 13% rise in quarterly revenue, helped by tariff hikes

Indian wireless carrier Bharti Airtel Ltd reported on Tuesday a 13% rise in its second-quarter revenue, boosted by tariff hikes and additions in its subscriber base.

The company’s consolidated revenue from operations was 283.26 billion rupees ($3.79 billion) for the quarter ended Sept. 30, compared with Rs 250.60 billion a year ago, according to its exchange filing. Analysts on average had expected revenue of Rs 277.73 billion.

Airtel has benefited from higher user additions and a jump in data usage due to remote working during the COVID-19 pandemic, and the company had scrapped in July its entry-level prepaid recharge of 49 rupees and set the base plan at 79 rupees.