Airtel Q3 FY24 Results: ARPU Reaches Rs 208, More Details Here

airtel q3 fy24 results arpu reaches rs

Bharti Airtel, a leading telecom operator in India, has announced the financial and performance results for Q3 FY24. The telco has reported a net profit of Rs 2,442 crore, almost 83% up QoQ from Rs 1340 crore in the previous quarter. The highlight of the results was the average revenue per user (ARPU) touching Rs 208 without hiking the mobile tariffs majorly.

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Airtel reported its quarterly revenues at Rs 37,900 crore, up 5.9% YoY, partially impacted by currency devaluations in Africa. Let’s take a look at the key data or metrics that signify what Airtel has done in Q3 FY24.

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Bharti Airtel Q3 FY24 Results Key Metrics

Airtel’s net profit for Q3 FY24 is Rs 2,442 crore, up 53.8% YoY. The telco added 7.4 million 4G/5G customers during the quarter. Over 71% of its overall mobile customer base is now 4G/5G. Airtel’s postpaid mobile subscriber base grew by 0.9 million during the quarter. Airtel’s total postpaid customer base now stood at 48.3 million at the end of the quarter (including IoT). Mobile data consumption also went up by 21.1% YoY, bringing the consumption to 22GB per month.

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The telco said that it added 388k subscribers under its Digital TV (DTH) service. This was the highest adds in a single quarter in the last 12 quarters. Capex for the quarter (for India business) was at Rs 7,756 crore. Airtel rolled out 12.3k towers during the quarter to strengthen its network coverage.