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NEW DELHI: Telecom operator Bharti Airtel on Tuesday reported a 92% year-on-year rise in consolidated net profit at Rs 1,588 crore for the October-December quarter of 2022-23.
Total revenue rose nearly 20% to Rs 35,804 crore in the December quarter (Q3FY23) “backed by strong and consistent performance delivery across the portfolio”, the company said. India revenues for Q3 FY23 stood at Rs 24,962 crore, growing by 19.4%.
Bharti Airtel managing director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses.
“Revenue grew sequentially by 3.7%, while EBITDA margin expanded to 52%. Our strategy of winning quality customers has helped us add 6.4 million 4G customers and exit the quarter with an industry leading Arpu of Rs 193,” Vittal said.
Postpaid, enterprise, homes as well as Africa business sustained their momentum while the DTH business showed signs of growth in an industry that continues to be under pressure, he said.
The telco’s 5G rollout is on track to cover all towns and key rural areas by March 2024, Vittal said, adding that mobile Arpu (Average Revenue Per User) increased to Rs 193 in Q3 FY23 from Rs 163 in Q3 FY22.
The company said that mobile data consumption grew by 22.5% YoY, consumption per customer stood at 20.3GB per month.
Total revenue rose nearly 20% to Rs 35,804 crore in the December quarter (Q3FY23) “backed by strong and consistent performance delivery across the portfolio”, the company said. India revenues for Q3 FY23 stood at Rs 24,962 crore, growing by 19.4%.
Bharti Airtel managing director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses.
“Revenue grew sequentially by 3.7%, while EBITDA margin expanded to 52%. Our strategy of winning quality customers has helped us add 6.4 million 4G customers and exit the quarter with an industry leading Arpu of Rs 193,” Vittal said.
Postpaid, enterprise, homes as well as Africa business sustained their momentum while the DTH business showed signs of growth in an industry that continues to be under pressure, he said.
The telco’s 5G rollout is on track to cover all towns and key rural areas by March 2024, Vittal said, adding that mobile Arpu (Average Revenue Per User) increased to Rs 193 in Q3 FY23 from Rs 163 in Q3 FY22.
The company said that mobile data consumption grew by 22.5% YoY, consumption per customer stood at 20.3GB per month.
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