Bharti Airtel Sept atr net profit falls 38% to Rs 1,340.7 cr
Mumbai: Bharti Airtel on Tuesday announced that its combined net earnings for the quarter concluding in September stood at Rs 1,340.7 crore, a decrease of 37.50 percent compared to Rs 2,145.2 crore in the same period the previous year.
The telecommunications service provider disclosed that its operational revenue was Rs 37,043.8 crore, up from Rs 34,526.8 crore in the corresponding quarter of the previous fiscal year, indicating a growth of 7.28 percent.
The company said that the devaluation of the Nigerian Naira had an adverse impact on its revenue growth in the current quarter.
The company reported an EBITDA of Rs 19,665 crore, marking a 10.96 percent increase from Rs 17,721.2 crore. The EBITDA margin decreased by 20 basis points to 53.1 percent.
On a consolidated basis, which encompasses operations in 17 countries, the total minutes of network usage in the quarter were 1,281 billion, indicating an 8.5 percent growth compared to 1,180 billion in the same quarter of the previous year.
Mobile data traffic increased by 20.7 percent to 15,966 petabytes (PBs) during the quarter, compared to 13,232 PBs in the corresponding quarter of the previous year.
The company's consolidated net debt, excluding lease obligations, was Rs 1,47,459.3 crore as of September 30, 2023, compared to Rs 1,57,277.6 crore as of September 30, 2022. Including the impact of leases, the consolidated net debt was Rs 2,07,015.8 crore.
In India, revenues, including mobile, home services, and digital TV services, for the quarter were Rs 26,994.7 crore, reflecting a 10.9 percent increase from Rs 24,333.3 crore in the corresponding quarter of the previous year.
Mobile revenues for the quarter amounted to Rs 20,952.1 crore, marking an 11 percent year-on-year increase. EBITDA for the quarter was Rs 11,503.9 crore, compared to Rs 9,873.6 crore year-on-year. The EBITDA margin improved by 260 basis points year-on-year to 54.9 percent.
The average revenue per user (ARPU) per month for its Indian operations increased to Rs 203, showing a 1.5 percent quarter-on-quarter improvement. Analysts had anticipated an ARPU increase ranging between 1.6 percent to 2.2 percent quarter-on-quarter.
The company's mobile customer count increased by 4.4 percent to 34.23 crore. Voice traffic grew by 8 percent year-on-year, while data traffic surged by 19.6 percent year-on-year during the quarter.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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