InvestorQ : Can you give your take on the Bharti Airtel results for Q1FY23?
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Can you give your take on the Bharti Airtel results for Q1FY23?

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Riya Dwivedi answered.
2 months ago
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Bharti Airtel reported over 5-fold growth in net profits to Rs1,607 crore for the June 2022 quarter. For the first quarter of FY23, the revenues were up more than 22% at Rs32,805 crore. In the quarter, Bharti Airtel grew EBITDA by 26% to Rs16,604 crore while its EBITDA margins expanded by 150 basis points at 50.6%. Airtel is the second largest telecom player in India after Reliance Jio with a customer base of 362 million.

Airtel reported average revenue per user (APRU) of Rs183 and that shows a growth of 25.4% on a yoy basis. ARPU is a key measure and has been steadily growing over last few quarters. The ARPUs were Rs178 in the March quarter. Bharti Airtel has the highest ARPU among its peers. Airtel revenues from the India business was up 24% at Rs23,319 crore, while mobile revenues rose 27%. Higher ARPUs was the key driver. It added 2.08 crore 4G customers in Q1.

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