Bharti Airtel Q1 net profit jumps 2.5 times to ₹ 4,160 crore
The Hindu
Bharti Airtel reports 2.5 times profit jump in Q1 2024, with revenue and ARPU growth in India.
Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to ₹ 4,160 crore in the first quarter ended on June 30, 2024, compared to the year-ago period.
The company posted a profit of ₹ 1,612.5 crore in the same period a year ago.
The consolidated revenue from operations of Bharti Airtel increased by 2.8% to ₹ 38,506.4 crore during the reported quarter from ₹ 37,440 crore in the June quarter of the last year.
Bharti Airtel's India revenue increased by 10.1% to ₹ 29,046 crore on a Y-o-Y basis.
Mobile average revenue per user (ARPU), a key matrix to determine telecom operators growth, of Bharti Airtel in India increased to ₹ 211 during the reported compared to ₹ 200 in the same period a year ago.
Telecom operator Bharti Hexacom, which operates under the Airtel brand, reported over two-fold jump in its profit to Rs 511.2 crore in the first quarter ended on June 30, 2024, compared to ₹ 253.2 crore in the same period a year ago.
Total revenues of Bharti Hexacom increased by 14% on a year-over-year basis to ₹ 1,910.6 crore during the reported quarter from ₹ 1,681.7 crore a year ago.
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