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Business EconomyPosted at: Aug 5 2024 5:20PM


Airtel net income up 158 pc to Rs 4,160 cr in Q1; Revenue up 2.8 pc

New Delhi, Aug 5 (UNI) Sunil Mittal owned Bharti Airtel on Monday said its net income has increased by 158 per cent Y-o-Y basis at Rs 4,160 crore in the Q1 (April-June) of FY25 as against Rs 1,613 crore in the same quarter of last financial year.
The consolidated revenues for Q1 of 2024-25 stands at Rs 38,506 crore up 2.8 per cent YoY, impacted by currency devaluation in Africa.
India revenues for Q1 in 2024-25 grew 10.1 per cent year-on-year basis at Rs 29,046. Mobile revenues were up 10.5 per cent YoY on the back of improved realisations during the quarter and sustained customer additions. Average Revenue Per User (ARPU) for the quarter stood at Rs 211 as compared to Rs 200 in Q1 of last fiscal, driven by sustained focus on acquiring quality customers and delivering greater value to them.
Commenting on the performance, Mr Gopal Vittal, MD, Airtel, said "Q1FY25 was yet another steady quarter with India revenue growing at 1.9 per cent sequentially and sustained EBITDA margins expansion to 53.7%. Our stringent focus on driving cost efficiencies is reflected in strong operating leverage. Africa continues to deliver strong underlying constant currency revenue growth. India operations added 6.7 Million smartphone customers and reported an improved ARPU of Rs 211.
“Our postpaid strategy continues to yield results with 0.8 Million net adds. During the quarter, we accelerated pace on FWA services expansion across key towns. Our Wifi services (FTTH and FWA) are now available in over 1300 cities. Our digital portfolio is shaping up well and it is geared for accelerated growth to add strength to our already diversified portfolio,” he added.
In the recently concluded spectrum auction, the company successfully renewed spectrum that was expiring in 6 circles and further bolstered its sub-giga hertz and mid-band holding in key circles by investing Rs 6,857 Crore. The industry saw much needed action on tariff repair, which is positive for industry’s financial health amid ongoing large network capex.
Headquartered in India, Airtel is a global communications solutions provider with over 550 Mn customers in 17 countries across South Asia and Africa. UNI SKB AKS
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Tags: #Airtel net income up 158 pc to Rs 4#160 cr in Q1; Revenue up 2.8 pc
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