Bharti Airtel posted a 54 per cent jump in net profit at Rs 2,442.2 crore in the December quarter against Rs 1,588.2 crore year-on-year (YoY). The consolidated revenue from operations grew 5.8 per cent to Rs 37,899.5 crore from Rs 35,804.4 crore YoY.

India’s key telecom operator consolidated net debt to Rs 1.42 lakh crore in Q3 FY24 as compared to Rs 1.54 lakh crore in the year-ago period.

India revenue of the telecom operator grew 11.4 per cent to Rs 27,811 crore during the December quarter while average revenue per user (ARPU) grew 7.7 per cent to Rs 208 from Rs 193 a year ago.

Airtel witnessed 4 per cent rise in customers to 34.56 crore customers as on December 31, 2023 as compared to 33.22 crore in the corresponding quarter last year.

Barbeque Nation

The popular food chain reported a downfall in net profit down by 33.3% at Rs 4 crore against Rs 6 crore year-on-year (YoY). However, the company’s revenue is up 1% at Rs 330.8 crore against Rs 328.1 crore a year ago period.

The total income recorded by the company during the third quarter of FY24 is recorded at Rs 332.52 crore while total expenses incurred during the quarter in review stood at Rs 264.57 crore. 

Unity Small Finance Bank

Unity Small Finance Bank reported a 79 per cent increase in net income at Rs 110 crore in the December quarter. While the bank’s deposits witnessed a 163 per cent increase to Rs 5,000 crore-mark, its net advances increased 80 per cent to Rs 6,601 crore.

Bank’s total income rose 208 per cent to Rs 438 crore, of which net income stood Rs 328 crore, up 90 per cent. Company’s Net interest income (NII) rose 71 per cent on-year to Rs 257 crore.

Unity Small Finance Bank saw reduction in net non-performing assets (NPA) to 0.9 per cent.

With inputs from PTI