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Bharti Airtel Q2 results 2022: Net profit jumps 89% to Rs 2,145.2 cr; ARPU rises to ₹190

New Delhi:Today, Telecom major Bharti Airtel reported an 89.1 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,145.20 crore compared with Rs 1,134 crore in the corresponding quarter last year. On sequential basis, Airtel reported a 33.5% rise in consolidated net profit for the quarter.

By Priyanka Verma 
Updated Date

New Delhi:Today, Telecom major Bharti Airtel reported an 89.1 per cent year-on-year (YoY) rise in consolidated net profit at Rs 2,145.20 crore compared with Rs 1,134 crore in the corresponding quarter last year. On sequential basis, Airtel reported a 33.5% rise in consolidated net profit for the quarter.

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Revenue for the quarter rose 21.9 per cent YoY to Rs 34,526.80 crore compared with Rs 28,326.40 crore in the same quarter last year. Bharti Airtel’s average revenue per user (ARPU) increased to ₹190 in Q2FY23 from ₹183 in Q1FY23. In a filing to BSE, the telecom operator said the revenue growth was driven by strong and consistent performance delivery across its portfolio.

The global customer base crossed the 50 crore level during the quarter, Bharti Airtel said. Consolidated EBITDA or earnings before interest, taxes, depreciation and amortization jumped 6.7% for the quarter to ₹17,721 crore, while the operating margin improved to 51.3% from 50.6% on QoQ basis.

MD and CEO for India & South Asia, Gopal Vittal said, “We have delivered yet another quarter with competitive revenue growth and improved margins. Our consolidated revenue grew sequentially by 5.3 per cent and Ebitda margin expanded to 51.3 per cent. The consistency of our execution is driven by the strength and resilience of our portfolio. Our B2B and Homes business continued their strong growth momentum while Mobile ARPU expanded to 190 on the back of premiumisation and deep customer understanding”.

Vittal futher said his company was rolling out 5G and was confident that Airtel 5G Plus would deliver the best experience in India. On Monday, ahead of the results, Airtel’s scrip on NSE closed 1.85% higher at ₹832.00 apiece. So far this year, shares of Airtel have rallied 19.4%.

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Airtel recently said its 5G services have gone live in eight cities of Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Siliguri, Nagpur and Varanasi. The customer availing 5G services will have to pay as per their existing 4G plan.The telecom opeator said it had 50.10 crore customers as of September 30, up 4.8 per cent over 47.80 crore in the corresponding quarter last year. Total minutes of usage on the network during the quarter were 1,18,000 crore, representing a growth of 5.1 per cent over year-ago’s 1,12,300 crore.

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