Bharti Airtel Reports Q1 Net Profit of Rs 1,612 Crore, ARPU Grows to Rs 200

Bharti Airtel Reports Q1 Net Profit of Rs 1,613 Crore, ARPU Grows to Rs 200

Bharti Airtel announced its consolidated results for the first quarter ended June 30, 2023, showcasing impressive financial performance and industry-leading operational indicators. Airtel posted quarterly revenues of Rs 37,440 crore, representing a 14.1 percent year-on-year (YoY) growth, driven by consistent and robust performance across its diverse portfolio of services, according to the company. The India business alone recorded quarterly revenues of Rs 26,375 crore, demonstrating a 13.1 percent YoY increase.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

Also Read: Bharti Airtel Successfully Tests 5G on mmWave and 3300 MHz in West Bengal

Mobile Services

Notably, Bharti Airtel’s mobile services in India saw a notable 12.4 percent YoY growth in revenues, primarily fueled by the continued addition of strong 4G customers and a rise in average revenue per user (ARPU).

Airtel Business Division

In addition to the mobile segment, the Airtel Business division also experienced significant growth, with revenues surging by 15.8 percent YoY. This success was attributed to the high demand for data and connectivity-related solutions, further supported by emerging competencies.

Digital TV Strengthens Market Position

The Homes business, too, has been a key driver of growth for Bharti Airtel, with revenues surging by 25.4 percent YoY, primarily driven by a substantial increase in the customer base. Moreover, Airtel said its Digital TV segment strengthened its market position during the period under review.

Also Read: Airtel Africa Reports Strong Revenue Growth in Q1 Despite Forex Challenges

Financial Highlights

Overall, the company’s financial performance demonstrated a robust bottom line, with consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reaching Rs 19,746 crore, marking an improvement of 212 basis points (bps) YoY. The EBITDA margin stood at 52.7 percent.

Breaking down the results further, the India business recorded an EBITDA of Rs 14,154 crore, with a corresponding EBITDA margin of 53.7 percent, reflecting a 271 bps YoY increase.