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

Bharti Airtel, India’s second-largest telecom operator, has just announced its financial results for Q4 FY24. The telco’s consolidated net profit after exceptional items stood at Rs 2072 crore for the quarter, and Rs 7,467 crore for FY24. Compared to the Q4 FY23, it is 31.1% down YoY. Even the net profit for the financial year is down YoY (it was Rs 8,346 crore in FY23).

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Even though the net profit declined, revenues zoomed upwards. Airtel posted quarterly revenues of Rs 37,599 crore for Q4 FY24 and Rs 1,49,982 crore for FY24. India business posted a quarterly revenue of Rs 28,513 crore, up 12.9% YoY. Mobile services revenues were up 12.9% YoY, and Airtel Business revenues were up by 14.1% YoY. What was positive was the growth in the homes business and DTH (Direct-to-Home) business.

Let’s take a look at the key metrics.

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

Airtel Key Performance Metrics for Q4 FY24

Bharti Airtel’s average revenue per user (ARPU) stood at Rs 209 during Q4 FY24, a growth of Rs 1 only QoQ. The telco added 0.8 million postpaid subscribers and 4G/5G data customers went up by 28.6 million YoY and 7.8 million QoQ. Airtel’s 72% mobile user base is 4G/5G connected. Mobile data consumption was up 25% YoY at 22.6GB per month. Airtel’s Homes business added 331,000 customers during the quarter. Airtel is live with its Homes Business in 1290 cities of the country.