Bharti Airtel Q1 profit rises five-fold to ₹1,607 crore

Its consolidated revenue from operations increased by about 22 per cent to ₹32,805 crore during the reported quarter from ₹26,854 crore a year ago.

Telecom operator Bharti Airtel on Monday reported an over five-fold rise in its consolidated profit to ₹1,607 crore for the first quarter ended June 30.

A girl checks her mobile phone as she walks past the Bharti Airtel office building in Gurugram, on the outskirts of New Delhi. (REUTERS)

The company had posted a profit of ₹283.5 crore in the year-ago period.

Its consolidated revenue from operations increased by about 22 per cent to ₹32,805 crore during the reported quarter from ₹26,854 crore a year ago.

The company's revenue rose 24 per cent to ₹23,319 crore in June 2022 quarter from ₹18,828.4 crore in the year-ago quarter.

Bharti Airtel's mobile services revenue in India grew 27 per cent year-on-year to ₹18,220 crore for the first quarter from ₹14,305.6 crore.