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Bharti Airtel Q2 Results: Sixth Straight Quarterly Loss Even As ARPU Improves

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Bharti Airtel Q2 Results: Sixth Straight Quarterly Loss Even As ARPU Improves

Bharti Airtel Ltd. Reported a loss for the 6th consecutive area while its common sales in keeping with consumer stepped forward to over a 3-year-high.
Net lack of the Sunil Mittal-owned telecom operator stood at Rs 763 crore withinside the area ended September as compared with a internet lack of Rs 15,933 crore withinside the previous 3 months, in line with an change filing. Analysts’ estimates compiled via way of means of BloombergQuint had pegged the earnings at Rs 126.6 crore.
In the preceding area, Airtel had visible its internet loss widen because it set apart one-time provisioning of Rs 10,744 crore to pay for adjusted gross sales liabilities as mandated via way of means of the Supreme Court of India.
Revenue rose 7.7% sequentially to Rs 25,785 crore withinside the July-September area, as compared with the Rs 24,571.8-crore forecast.
Operating earnings rose 11.3% to Rs 11,848 crore.
Margin accelerated 46% from 43.5% withinside the April-June period.
Average sales in keeping with consumer—the quantity Airtel earns in keeping with subscriber in keeping with month—rose to Rs 162 from Rs 157.
Indian telecom became one of the only a few sectors that remained protected from a main effect because of the Covid-19 pandemic. Barring a slower subscriber boom and decrease recharges, telecom companies have been surprisingly unaffected from the pandemic.
However, their woes have been irritated after an October 2019 ruling stated non-center sales need to be covered whilst calculating statutory levies. The extrade in definition elevated liabilities of Airtel and Vodafone Idea Ltd. To north of Rs 90,000 crore.
With the Supreme Court now having granted telecom operators 10 years to stagger and clean in their dues, analysts have stated that Bharti Airtel is nicely positioned to gain because of its wholesome coins flows.
“Bharti Airtel stays in a candy spot withinside the contemporary surroundings to faucet the growth in Ebitda opportunity — both from charge hike required via way of means of Vodafone Idea to live afloat (extra likely) or from marketplace proportion profits in case Vodafone Idea shuts operations,” Motilal Oswal stated.
Besides, the company’s Africa unit stated 13.3% area-on-area sales boom withinside the 3 months ended September. Net earnings, too, rose 54.3% sequentially. Its consumer base rose four.four% over the previous area to 116.four million.
Shares of Bharti Airtel closed 0.17% decrease earlier than the outcomes have been announced, as compared with a 1.03% benefit withinside the benchmark Nifty 50 Index.

Tap To Explore More : Bloomsberg

Also Read : 43,893 NEW CASES OF COVID-19 RECORDED IN INDIA ON WEDNESDAY MORNING

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

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HT Rewind 2024: Teja Sajja says HanuMan kicking off the year in style is the moment he’d been ‘waiting for’ | Exclusive

In conversation with Hindustan Times, Teja Sajja decodes the success of HanuMan and other Telugu films, talks about his upcoming projects, and more.
When Prasanth Varma’s superhero film HanuMan, starring Teja Sajja, was announced to be released alongside big films like Mahesh Babu’s Guntur Kaaram, Venkatesh’s Saindhav and Nagarjuna’s Naa Saami Ranga in January this year, no one expected the underdog to emerge on top. And yet, the film, made on a budget of under ₹50 crore, managed to collect over ₹300 crore at the box office worldwide in 25 days, becoming one of the highest-grossing Indian films for the year. (Also Read: Ranveer Singh met HanuMan actor Teja Sajja, complimented him even after his Prasanth Varma film Rakshas got shelved)

Ask Teja about the moment he realised his film had not just fought against the tide but also risen to the top; he tells Hindustan Times in an exclusive conversation, “Since I returned to acting (as a lead actor after being a child artiste since 1998), this is the moment I’ve been waiting for. When everything from the HanuMan teaser to the songs was grabbing attention, we knew we had hit a gold mine. But I don’t think we imagined it would cross the ₹300 crore threshold. We were so satisfied with the opening numbers; everything else was a bonus.”

‘Success has given me fear of disappointing people’

Teja acted in Zombie Reddy, Ishq and Adbhutham before HanuMan, but they are what you would call ‘critical successes’, adding to his repertoire as an actor who can perform. But things have changed for him now, says Teja, who is being picky about the roles he says yes to. “Success either makes you overconfident or gives you the fear of disappointing people; I have the latter,” he explains.

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Teja admits he wants to chart out his career in Hrithik Roshan’s footsteps, but not in the way you think. “I have such a fondness for Hrithik due to Koi Mil Gaya and Krrish. No matter how well he performed after that, these left a lasting impression on me; I’m sure 90s kids will agree,” he says, adding, “Similarly, I’ve realised that I have an audience in children now. I want to be conscious of that when I pick roles. I want to make films families can enjoy together.”

But despite people in places like Mumbai or Delhi recognising him, Teja says he’s clear that he wants to cater to the Telugu audience first. “I am conscious that I am making films for my playground – the Telugu states. This is the sensibility I have grown up with, and I don’t know if I can cater to everyone else. Will I promote my films in other languages? Sure. But I also can’t be part of films that aren’t authentic to what I know or understand,” he explains.

‘Rootedness has put us on the world map’

And authenticity seems to be the need of the hour. Be it Baahubali and RRR or the recently released Pushpa 2: The Rule, Kalki 2898 AD and Devara: Part 1, certain kind of stories seem to be finding success. “Rootedness and going local is proving to be such a boon for us, be it in Devara or Pushpa or HanuMan. Kalki 2898 AD was our version of a Hollywood film (the sci-fi concept) with actors from across languages in predominant roles; it put us on the world map,” reflects Teja.

However, the actor admits Tollywood went through a phase of Bollywood-inspired rom-coms and family dramas that worked in their favour for a while. “That wasn’t easy to replicate either, but it’s just that these local stories are what the audience seems most interested in now. It can’t just be chalked up to religion, too. It’s about the morals these films are hinged on, the fighting for righteousness, and how an underdog can find their strength. Introducing Mahabharata or Ramayana to a new audience in a cool way is just a perk,” he says.

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And it’s this rootedness that Teja says his next films, Mirai and Jai Hanuman (the sequel to HanuMan), will also have ample of. “Mirai is also a superhero film that caters to kids, but it’s not an origin story like HanuMan. It has a pan-Asian and Buddhist touch because the story is based on King Ashoka’s ideologies. I hope that I will get to deliver something new to the audience again. I will only feel like I’ve arrived if Mirai is equally, if not more, successful,” says Teja.

Rishab Shetty will headline Jai Hanuman, but Teja also looks forward to shooting that. “I can’t wait to be on that set; it’ll be exciting. Now that we know India is ready to watch our films, I want to step it up. I want to shift gears and shoot for at least two films in 2025,” he says. As for what he will do next, Teja says he wants to up the ante. “When I got a SIIMA award for Zombie Reddy as a debutant, I remember telling Prasanth this would be the last award I get. But now that I won a Radio City Cine Award for Best Actor, I hope more awards will follow,” he signs off cheekily.

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