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May, 24

Airtel Q1 net flat at ₹1.6k cr, avg revenue per user rises

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NEW DELHI: Telecom operator Bharti Airtel on Thursday posted a net profit of Rs 1,612 crore for the June quarter, which is nearly flat over earnings in the same period of the previous year.

The revenue for the just-ended quarter was 14% higher at Rs 37,440 crore compared to the year-ago period “backed by strong and consistent performance delivery across the portfolio”, the company said in a statement.
“We have delivered yet another quarter of strong and competitive growth across all our businesses… Our focus on winning quality customers and driving premiumisation has helped us add 5.6 million new 4G customers and the highest ever postpaid customers in any one quarter,” MD Gopal Vittal said.

Mobile services India revenues were up 12.4% year on year led by continued strong 4G customer additions and an increase in average revenue per user (ARPU).
After accounting for loss of Rs 1,290 crore towards exceptional items (primarily currency devaluation in Nigeria), the net income for the June quarter came in at Rs 1613 crore, which was 0.3% higher than the year-ago period.
Airtel’s mobile ARPU (a key metric for telecom operators) increased to Rs 200 in the first quarter of FY24 against Rs 183 in a year ago. agencies





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