Telecom operator Bharti Airtel reported a 92% year-on-year rise in consolidated net profit at £158.8 million for the October-December quarter of 2022-23.
Total revenue rose nearly 20% to £3.58 billion in the December quarter (Q3FY23) “backed by strong and consistent performance delivery across the portfolio”, the company said. India revenues for Q3 FY23 stood at £2.49 billion, growing by 19. 4%.
Bharti Airtel managing director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses. “Revenue grew sequentially by 3. 7%, while ebitda margin expanded to 52%. Our strategy of winning quality customers has helped us add 6. 4 million 4G customers and exit the quarter with an industry leading Arpu (average revenue per user) of Rs 193,” Vittal said.
Postpaid, enterprise, homes as well as Africa business sustained their momentum while the DTH business showed signs of growth in an industry that continues to be under pressure, he said.
The 5G rollout is on track to cover all towns and key rural areas by March 2024, Vittal further said.