Bharti Airtel Reports Q2 Net Profit of Rs 1,341 Crore; ARPU at Rs 203

Bharti Airtel Reports Q2 Profit of Rs 1,341 Crore; ARPU at Rs 203
Bharti Airtel announces consolidated results for the second quarter ended September 30, 2023. The telecommunications giant posted quarterly revenues of Rs 37,044 crore, a growth of 7.3 percent compared to the same period last year. Airtel attributed this revenue to the performance of its India operations. The India business segment posted a quarterly revenue of Rs 26,995 crore, marking an increase of 10.9 percent year-on-year, the mobile services within India noted an 11.0 percent year-on-year surge in revenues with the addition of strong 4G/5G customers and a notable rise in the Average Revenue Per User (ARPU).

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Airtel reported a consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) of Rs 19,665 crore, with an EBITDA margin of 53.1 percent, up 176 basis points year-on-year. The India business segment posted an EBITDA of Rs 14,561 crore, with an EBITDA margin at 53.9 percent, up 214 basis points year-on-year.

Net Income

Bharti Airtel reported a consolidated net income (before exceptional items) of Rs 2,960 crore, representing a growth of 44.2 percent year-on-year. However, the consolidated net income (after exceptional items) stood at Rs 1,341 crore, showing a decrease of 37.5 percent year-on-year.

Data Customers

The company also showcased strong operational indicators, with 4G/5G data customers witnessing an increase of 27.2 million year-on-year and 7.7 million quarter-on-quarter, accounting for 69 percent of the overall mobile customer base. Notably, Airtel said the quarter also recorded the highest-ever postpaid net additions, totalling 1.0 million in Q2’24.

ARPU and Data Consumption

Moreover, mobile ARPU witnessed a positive uptrend, increasing to Rs 203 in Q2’24 as compared to Rs 190 in Q2’23. Mobile data consumption showed remarkable growth, surging by 19.6 percent year-on-year, with average data usage per data customer at 21.7 GBs per month.