Bharti Airtel’s consolidated net profit rose 46.6 percent to Rs. 1,607 crore for the quarter ended June from Rs.284 crore in the corresponding quarter of last year.

The revenues of the second-largest telecom company grew more than 22 percent to Rs. 32,805 crore on new additions to its 4G customer base.

Airtel, with 362 million customers, reported a 26 percent rise in earnings before interest, tax, depreciation, and amortization from the year ago to Rs.16, 604 crore. Its margins expanded by 1.5 percentage points to 50.6 percent during the quarter.

According to reports, the Sunil Bharti Mittal-promoted company’s average revenue per user (APRU), a key measure of profitability, was Rs.183, up 25.4 percent from Rs. 146 in the year-ago period and 2.8 percent from Rs. 178 in the March quarter, as a result of acquiring and retaining quality customers. It has the highest APRU among peers.

Gopal Vittal, managing director and chief executive officer, Airtel says, “It has been another solid quarter. We continue to deliver strong and sustained growth at 4.5 percent sequentially. Ebitda margins are now 50.6 percent. Our enterprise and homes business has strong momentum and has delivered strong double-digit growth, improving the diversity of the overall portfolio. Airtel’s strategy of winning quality customers continues to yield good results with an industry beating ARPU of Rs.183.”

According to the company, it added 8,000 towers in the quarter and scaled up voice over Wi-Fi adoption to improve the indoor experience for its subscribers. Airtel has 44 million customers using our wi-fi services.

Airtel will start 5G services in key cities before expanding across the country on the back of industry best existing pool of spectrum. Company’s long-term spectrum acquisition strategy has ensured we are able to offer the best-in-class 5G experience at the lowest cost of ownership with the most power-efficient solutions.