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Airtel Q2 net profit rises 168% to ₹3,593 cr
The New Indian Express
|October 29, 2024
Company improved average revenue per user by 15% to ₹233 in the reporting quarter compared to ₹203 in Q2FY24
BHARTI AIRTEL on Monday reported a 168% rise in its consolidated net profit to ₹3,593 crore for the quarter ending September 2024, up from ₹1,341 crore in the year-ago period.
The company also improved its average revenue per user (ARPU) by 15% to ₹233 in Q2FY25, compared to ₹203 in Q2FY24. Its consolidated revenues for the quarter were ₹41,473 crore, growing by 12.0% year-on-year and 7.7% quarter-on-quarter, driven by strong momentum in India and growth in constant currency in Africa.
Airtel's mobile revenue grew 18.5% YoY, led by tariff hike by the company in July 2024. The telco's consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the quarter were ₹22,021 crore, while the EBITDA margin was 53.1%.
However, the company's customer base in India decreased by 2 million in the latest quarter, ending at 407 million as of September-end.
This story is from the October 29, 2024 edition of The New Indian Express.
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