Home Technology Airtel sees 14% jump in revenue, profit flat in Q1-2023

Airtel sees 14% jump in revenue, profit flat in Q1-2023

Bharti Airtel has released its quarterly results for the first quarter of 2023, reporting a net profit of Rs 1,612 crores, which is almost identical to last year’s profit of Rs 1,607 crores.

During this quarter, the telecommunications company generated ₹37,440 crore in revenue from operations, representing a 14% increase compared to the ₹32,850 crore earned in the same period last year.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) for the June quarter grew by 19% to ₹19,746 crore, with EBITDA margins expanding by 277 basis points to 53.7% YoY. The net debt-EBITDA ratio (annualised), including the impact of leases, stood at 2.63 times by the end of the June quarter. T

The average revenue per user (ARPU) per month, a crucial metric for measuring revenue generation, increased by 9.28% to ₹200 compared to the corresponding period last year. This growth can be attributed to Bharti Airtel’s focus on acquiring high-quality customers and enhancing realizations through premiumization.
In the latest quarter, the India division of the company recorded revenues of Rs 26,375 crore, marking a 13% increase from the previous year. The mobile services sector of the India branch witnessed a 12% rise in revenues, driven by the addition of 4G customers and an increase in ARPU. Furthermore, the Airtel business experienced a 16% YoY growth in revenues, fueled by robust demand for data and connectivity solutions as well as emerging competencies.
At the end of the June quarter, Bharti Airtel’s customer base reached 38.3 crores, with a record net addition of 8 lakhs in the postpaid segment. The 4G segment saw a 12% YoY increase, with 2.45 crore 4G data customers on the network compared to the previous year.
Additionally, the home business division registered a 25% YoY revenue growth due to the increasing demand for high-speed and reliable broadband services in India. Bharti Airtel’s emphasis on digitization and acquiring high-value customers resulted in the addition of 4,13,000 new customers during the quarter, bringing the total base to 65 lakhs.

 

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