Bharti Airtel declared a consolidated net profit of Rs 1,612.5 crore on August 3—an increase of 0.34 percent from the same period last year.
The company’s African division recorded losses as a result of the depreciation of the naira, but these losses were somewhat mitigated by increased adoption of post-paid and 4G services as well as sustained domestic subscriber growth.
According to Airtel’s earnings announcement, operating revenue increased 14.1 percent to Rs 37,440 crore over the same quarter the previous fiscal. Airtel is the second-largest telecom player in India.
According to forecasts, the company continued to grow at the fastest rate in its sector. An essential indicator used by telecom companies to assess revenue production, the average revenue per user (ARPU) each month, climbed 9.28% year over year to Rs 200.
EBITDA (earnings before interest, taxes, depreciation, and amortization) was Rs 19,746 crore for the quarter, up 18.9 percent year over year. EBITDA margin increased by 212 bps year over year to 52.7 percent. EBIT reached Rs 10,079 crore, up 29.0 percent YoY, while the EBIT margin increased by 310 bps YoY to 26.9 percent.
“We have delivered yet another quarter of strong and competitive growth across all our businesses. Our consolidated revenue grew sequentially by 4.0 percent, and EBITDA margin expanded to 52.7 percent, underscoring the simplicity and execution of our strategy,” said Gopal Vittal, MD, Bharti Airtel.
“We added 5.6 million new 4G users and the biggest number of postpaid consumers in any one quarter because to our focus on acquiring high-quality customers and promoting premiumization. We finish the quarter with an ARPU of Rs. 200 that leads the industry. Homes, Enterprise, and our digital businesses are still seeing rapid growth, which reflects the durability and quality of our whole portfolio,” he said.
