Telecom major Bharti Airtel has declined sales by 99.68 per cent to Rs 0.10 crore. The consolidated net loss of Bharti Telecom had been reported to be Rs 29.10 crore in the first quarter of the financial year 2023 as compared to a net loss of Rs 3.40 crore in the first quarter of the financial year 2022. Sales of the company had declined 99.68 per cent to Rs 0.10 crore in the quarter ended June 2022 as against Rs 30.90 crore during the previous quarter ended June 2021.

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Gopal Vittal, MD and CEO, said, “This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5 per cent sequentially. EBITDA margins are now at 50.6 per cent. Our enterprise and homes business has strong momentum and delivered strong double-digit growth, improving the diversity of the overall portfolio. Airtel’s strategy of winning with quality customers yields good results, with an industry-beating ARPU at Rs 183. “As India gets ready to launch 5G, we are well positioned to raise the bar on innovation. We are also confident of meeting the emerging needs of discerning customers looking for speed, coverage and latency. Our astute spectrum strategy over the last few years as we bolstered mid-band spectrum is designed to deliver the best experience at the lowest total cost of ownership.”