Airtel Q1 net profit up 91.5 pc at Rs 1,588 crore

Airtel Q1 net profit up 91.5 pc at Rs 1,588 crore

Bharti Airtel reported a 91.5 per cent rise in net profit at Rs 1,588 crore on Tuesday, compared to Rs 830 crore in the same quarter last year. The telecom operator said its total revenues rose 19.9 per cent to 35,804 crore from Rs 29,867 crore, backed by strong and consistent performance delivery across the portfolio.

The quarter's earnings were Rs 18,601 crore, up 24.80 per cent over Rs 14,905 crore in the same quarter last year. The Ebitda margin came in at 52 per cent against 49.9 per cent in the year-ago quarter.

MD Gopal Vittal said we have delivered another quarter of consistent and competitive growth across all of our businesses. Revenue grew by 3.7 per cent, while the Ebitda margin increased to 52 per cent. Vittal said that Postpaid, Enterprise, Homes and Africa businesses continued their momentum, while the DTH business showed signs of growth in an industry that continues to be under pressure.

He said that Airtel's 5 G rollout is on track to cover all towns and key rural areas by March 2024.

Bharti Airtel said that its consolidated mobile data traffic for the quarter came in at 13,625 petabytes, with a healthy YoY growth of 23.7 per cent. India's revenues for the quarter were Rs 24,962 crore, up 19.4 per cent YoY. Mobile revenues grew 20.8 per cent YoY because of improved realisation as well as strong 4 G customer additions during the year.

In the year-ago quarter, ARPU stood at 193 compared to 163 in the year-ago quarter on the back of our continued focus on quality customers and premiumisation.