(Reuters) -Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, helped by a one-time gain and as tariff hikes continued to boost its per-user revenue. The company's consolidated net profit rose to 147.

Bharti Airtel has posted a whopping 505% jump in its net profit for the quarter ending December 31, 2024. The telecom giant's net profit stood at ₹14,781 crore, up from ₹2,442 crore in the previous year. The massive growth, which topped market expectations, was attributed to a number of factors such as tariff hikes and a better subscriber mix.

India’s No 2 wireless carrier, posted a 506% jump in net income to 147.8 billion rupees (US$1.7 billion) for the quarter ended Dec 31, 2024 compared with the same period last year, according to a filing Thursday. That beat the average 50.2 billion-rupee profit estimated by analysts in a Bloomberg survey.

Bharti Airtel's vice-chairman and MD Gopal Vittal says the industry needs “further tariff repair” to ensure sustained investments and long-term value creation.

Telecom giant Bharti Airtel is set to announce its December quarter (Q3) results on February 6, 2025. Analysts predict that the company will report exceptional financials, with strong growth in average revenue per user (ARPU),

Indian telecom operator Bharti Airtel reported a higher quarterly profit on Thursday, as last year's tariff hikes continued to uplift its per-user revenue and helped by a one-time gain.

Bharti Airtel Ltd. reported a larger-than-expected quarterly profit, boosted mostly by one-time gains and the higher user fees it imposed in July.