Subscribe Now

Edit Template

Subscribe Now

Edit Template

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



Bharti Airtel has announced its quarterly results for 1Q23, recording a net profit of Rs 1,612 crores, almost the same as the profit of Rs 1,607 crores last year.

During the first quarter of the current fiscal year, the telecommunications company earned ₹37,440 crore in revenue from operations, 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) during the June quarter increased by 19% to ₹19,746 crore, with EBITDA margins growing 277 basis points to 53.7% YoY. By the end of the June quarter, the net debt-EBITDA ratio (annualised), including the impact of leases, was 2.63 times. T

The average revenue per user (ARPU) per month, which is an essential metric for measuring revenue generation, increased by 9.28% to ₹200 compared to the corresponding period last year. This was due to the company’s focus on acquiring quality customers and improving realisations through premiumization.
In the latest quarter, the India branch of the company generated revenues of Rs 26,375 crore, a 13% increase from the previous year. The mobile services sector of the India branch saw a 12% increase in revenues in the prior year, with a significant contribution from the addition of 4G customers and an increase in ARPU. The Airtel business also saw a 16% increase in revenues year-on-year, driven by strong demand for data and connectivity solutions and emerging competencies.
The telco’s customer base reached 38.3 crores at the end of the June quarter, with the highest-ever net additions of 8 lakhs in the postpaid segment. The 4G segment saw an increase of 2.45 crore 4G data customers on the network from the previous year, a 12% YoY increase.
In addition, the home business had revenue growth of 25% YoY due to the growing demand for high-speed and reliable broadband in India. The company’s focus on digitization and acquiring high-value customers led to 4,13,000 new customer additions during the quarter, bringing the total base to 65 lakhs.



thecrossroadtimes.com

Writer & Blogger

Considered an invitation do introduced sufficient understood instrument it. Of decisively friendship in as collecting at. No affixed be husband ye females brother garrets proceed. Least child who seven happy yet balls young. Discovery sweetness principle discourse shameless bed one excellent. Sentiments of surrounded friendship dispatched connection is he.

Leave a Reply

Your email address will not be published. Required fields are marked *

About Me

Kapil Kumar

Founder & Editor

As a passionate explorer of the intersection between technology, art, and the natural world, I’ve embarked on a journey to unravel the fascinating connections that weave our world together. In my digital haven, you’ll find a blend of insights into cutting-edge technology, the mesmerizing realms of artificial intelligence, the expressive beauty of art.

Edit Template
As a passionate explorer of the intersection between technology, art, and the natural world, I’ve embarked on a journey to unravel the fascinating connections.
You have been successfully Subscribed! Ops! Something went wrong, please try again.

Quick Links

Home

Features

Terms & Conditions

Privacy Policy

Contact

Contact Us

© 2024 Created by Shadowbiz

As a passionate explorer of the intersection between technology, art, and the natural world, I’ve embarked on a journey to unravel the fascinating connections.
You have been successfully Subscribed! Ops! Something went wrong, please try again.

Quick Links

Home

Features

Terms & Conditions

Privacy Policy

Contact

Contact Us

© 2024 Created by Shadowbiz

Fill Your Contact Details

Fill out this form, and we’ll reach out to you through WhatsApp for further communication.

Popup Form