Bharti Airtel Q1 Results: Profit zooms 467% YoY to Rs 1,607 crore; ARPU improves to Rs 183

elecom major 

Bharti Airtel NSE 0.10 % today reported a 466.8 per cent YoY jump in its Q1 profit at Rs 1,607 crore against Rs 284 crore in the year-ago period. The numbers, however, missed the analyst estimate of Rs 2,451 crore.

The company’s consolidated revenue was up 22.2 per cent YoY to Rs 32,805 crore.

Airtel’s ARPU or average revenue per user for the quarter came in at Rs 183 compared to Rs 146 in Q1’22. This is an outcome of the company’s focus on acquiring and retaining quality customers and a relentless obsession with customer experience, the company said.

Mobile revenues grew by 27.4% YoY on account of increase in ARPU and strong 4G customer additions during the year.

“We continue to garner strong share of the 4G customers in the market and added 20.8 million 4G customers to its network over last year, an increase of 11.3% YoY. ARPU continues to be the best in industry, average data usage per mobile data customer at 19.5 GBs/month and voice usage per customer at 1,104 mins /month,” 

Airtel NSE 0.10 % said in a BSE filing.

The telco’s 4G customers are up by 20.8 million YoY and 4.5 million QoQ. “This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5% sequentially. EBITDA margins are now at 50.6%. Our enterprise and homes business has strong momentum and delivered strong double-digit growth, improving the diversity of the overall portfolio. Airtel’s strategy of winning with quality customers continues to yield good results with an industry-beating ARPU at Rs 183,” Airtel MD and CEO Gopal Vittal said.

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