wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

In otherwise underwhelming quarter, Airtel adds 2.74 lakh home broadband connections

airtel

Key Takeaways

  • Airtel posted a profit for the second quarter in a row, but it was lower than its previous quarter (Rs 759 crore in this quarter versus Rs 854 crore in the previous one).
  • The company has around 350 million India users, a 4.2% QoQ growth.
  • “Our mobile revenues grew at 19.1% YoY backed by 13.7 Mn 4G customer additions,” Gopal Vittal, MD and CEO of Airtel India and South Asia, said in a statement.

Airtel’s rebound has faltered a bit based on the worse-than-expected results, but it remains on line to continue earning profits, a feat that competitor Vi may not accomplish for quite some time. “Average data usage per data customer at 16.4 GBs/month; while voice usage was at 1,053 mins/customer/month,” Airtel said in its press release for the quarter.

Airtel’s home broadband segment saw unprecedented (if relatively small) growth this quarter. The company said that this quarter, it saw its “highest ever net addition of ~274K [homes covered by home broadband] to reach to a total base of 3.07 Mn.” A large part of what is driving this growth is partnerships with local cable operators (LCOs) to expand its network in smaller towns.

Financial snapshot — Q4FY21

  • Revenue: Rs 25,831 crore (up 8.4% YoY)
  • Net Profit: Rs 759 crore (as against Rs 5,237 crore loss in the same quarter in the previous FY)
  • EBITDA: Rs 12,583 crore
  • EBITDA Margin: 48.9% (up 779 basis points from last year)

Press Release | Results | Quarterly Report

Written By

I cover the digital content ecosystem and telecom for MediaNama.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Find out how people’s health data is understood to have value and who can benefit from that value.

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ