Tariff Hike Working in favour of Airtel!

Expecting a UC tomorrow Airtel reported significant growth in net profit, reaching Rs 14,781 crore in Q3, with an adjusted PAT growth of 121% YoY at Rs 5,514 crore. Revenue grew 19% YoY to Rs 45,129 crore, and EBITDA rose 24% YoY to Rs 24,480 crore. Airtel continued to deliver healthy ARPU growth as the figure stood at Rs 245, compared with Rs 208 in the third quarter of previous fiscal. https://m.economictimes.com/markets/stocks/earnings/bharti-airtel-q3-results-adjusted-pat-soars-121-yoy-to-rs-5514-crore-arpu-at-rs-245/articleshow/117982074.cms