Bharti Airtel’s Q1 profit jumps multi-fold to Rs 1,607 crore

Telecom operator Bharti Airtel on Monday posted an over five-fold jump in its consolidated profit to Rs 1,607 crore for the quarter ended June 2022, mainly on account of hike in tariffs.

The company had posted a profit of Rs 283.5 crore in the same period a year ago.

Consolidated revenue from operations of Bharti Airtel increased by about 22 per cent to Rs 32,805 crore during the reported quarter from Rs 26,854 crore earlier.

Bharti Airtel India’s revenue increased by 24 per cent to Rs 23,319 crore, compared to Rs 18,828.4 crore in Q1 FY22.

The mobile services revenue of Bharti Airtel in India grew 27 per cent on a year-on-year (YoY) basis to Rs 18,220 crore from Rs 14,305.6 crore.