Bharti Airtel Posts Net Profit of Rs 4160 Crore in Q1 FY25, Up 158% YoY

Bharti Airtel, India’s second-largest telecom operator, has just announced its quarterly performance reports for Q1 FY25 (April – June 2024). The telco has posted a Rs 4,160 crore profit during the quarter, which is up 158% YoY. The net profit figure is this high due to the addition of exceptional items. Let’s take a look at the entire performance figures.

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Airtel registered a quarterly revenue of Rs 38,506 crore during the quarter from its global business, up 2.8% YoY and 2.4% QoQ. The Indian business unit of Airtel posted Rs 29,046 crore in quarterly revenues, up 10.1% YoY. Mobile services revenue in India was up by 10.5% YoY led by strong 4G/5G subscriber additions. Airtel Business (B2B arm of Bharti Airtel) saw revenues go up by 8.3% led by growth in domestic portfolio.

The telco’s Homes Business revenues were up 17.6% YoY and Digital TV revenues were up by 5.0% YoY. The consolidated net income for the global business was Rs 2,925 crore, up by 0.8% YoY, and with the addition of exceptional items, the figure jumped to Rs 4,160 crore, up 158% YoY. The Indian business unit posted an EBIT (earnings before interest and taxes) of Rs 6,612 crore.

Now let’s take a look at other key metrics.

Read More – Bharti Airtel Q4 FY24: ARPU at Rs 209, Net Profit at Rs 2072 Crore

Bharti Airtel Q1 FY25 Performance Highlights

The telco added 29.7 million new 4G/5G customers on YoY basis, while on a QoQ basis, Airtel added 6.7 million new customers. The postpaid subscriber base grew by 0.8 million users during the month, taking the total base to 24 million. The mobile ARPU jumped to Rs 211 from Rs 209 in the previous quarter. The mobile data consumption per customer per month was 23.7GB, up 26% YoY. Homes Business of the company added 348,000 new customers.