Bharti Airtel’s consolidated net profit increased 91 per cent to 1,588.2 crore. In the same time last year, it was Rs 829.6 crore. In comparison to Q3FY22, the mobile average revenue per user (ARPU) per month climbed to Rs 193 in Q3FY23, in the third quarter that concluded on December 31, 2022.
Sequentially, the topline grew by 3.7 per cent while the bottomline suffered a sharp decline of 47 per cent
Operational revenue for the telecom company increased by 20 per cent to USD 35,804 crore during the reviewed period from USD 29,866 crore during the comparable period the previous year.
Approximately Rs 2,673 crore was the average expectation for Airtel’s net profit, although it was less than that. However, income exceeded the projected amount of Rs 35,299 crore.
Meanwhile, the operating margin increased 205 basis points year over year to 52 per cent, with the consolidated operational profit coming in at Rs 18,601 crore, or earnings before interest, taxes, depreciation, and amortisation (EBITDA).
The India division reported quarterly sales of Rs 24,962 crore, a 19.4 per cent year-over-year increase. Revenues from mobile services in India increased by 20.8 per cent YoY, led by an increase in ARPU and continuing 4G subscriber growth.
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