Telecom operator Bharti Airtel on Tuesday reported a 2.8 per cent decline in its consolidated net profit to Rs 830 crore for the third quarter ended December 2021.

The company had recorded a net profit of Rs 854 crore in the same period a year ago, PTI and other media reports stated.

The consolidated revenue of Bharti Airtel increased by 12.6 per cent to Rs 29,867 crore, from Rs 26,518 crore in the December 2020 quarter.

The profit attributable to the owners fell 3 percent to Rs. 830 crore as against Rs. 853 crore reported in the last year period.

Revenue from operations rose 13 percent to Rs29,866 crore during the period under review as against Rs. 26,517 crore in corresponding period last year.

“We have delivered another quarter of sustained performance across all our business segments. Overall sequential revenue growth was at 5.4 percent and EBITDA margins came in at 49.9 percent. The recent tariff revision for mobile services has gone down well and we are exiting the quarter with an industry leading ARPU of Rs.163,” Airtel CEO Gopal Vittal said.

Mobile services India revenues were up 19.1 percent year-on-year on a comparable basis, led by increase in ARPU. The Airtel business revenues increased up by 13 percent year-on-year, backed by continued strong demand for data portfolio and emerging businesses.