Bharti Airtel reports consolidated net profit of Rs 759 crore in Q4

Bharti Airtel on Monday reported a consolidated net profit of Rs 759 crore in the fourth quarter of 2020-21, after provisioning for the adjusted gross revenue (AGR) payment due to the central government.

The telecom operator had posted a loss of Rs 5,237 crore in the corresponding period of 2019-20. In the third quarter of FY21, the company had posted a consolidated net profit of Rs 854 crore, helped by an one-time gain from the merger of Indus Towers.

“Our mobile revenues grew at 19.1 per cent YoY backed by 13.7 million 4G customer additions. We are seeing strong momentum in our home business with 274,000 net adds. The enterprise segment delivered double-digit growth.