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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Bharti Airtel, the second-largest telecom operator in India, has announced its financial results for Q2 FY23. The telco has reported its average revenue per user (ARPU) figure to be Rs 190 during the quarter. This means that Airtel is again leading in the ARPU segment. Airtel’s quarterly revenues were Rs 34,527 crore, up by 21.9% YoY. Airtel’s India business posted quarterly revenues of Rs 24,333 crore, up by 22.3% YoY. Mobile services revenues in India were up 24.8% YoY, which was led by continuous 4G subscriber addition and an increase in ARPU. Revenues for Airtel Business, the B2B arm of Bharti Airtel, were up by 16.8%, backed by robust demand for data and connectivity-related solutions. Airtel’s Homes business continued to grow, up by 38.9% YoY, led by strong customer additions.
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The consolidated EBITDA (earnings before interest tax and depreciation) for Airtel stood at Rs 17,721 crore, where the India business posted an EBITDA of Rs 12,606 crore. The net profit for Bharti Airtel during the quarter was Rs 2,145 crore, up by 89.1% YoY. Let’s take a look at some of the key metrics around Airtel’s services in India.
Key Metrics for Airtel in Q2 FY23: Mobile ARPU, Homes Business and More
During Q2 FY23, Airtel said that its 4G data customers were up by 17.8 million users YoY and 5 million users QoQ. Airtel’s 64% of customer base was 4G user base. As already mentioned, the ARPU went up to Rs 190, which is very close to the telco’s target of Rs 200 in the short term. Mobile data consumption was up by 19.6% YoY, where the consumption per customer stood at 20.3GB per month.
