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

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4 years ago

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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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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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21 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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