Check out Bharti Airtel's Q1 Results

4 Aug 2023 , 10:57 AM

Bharti Airtel’s fiscal Q1 profit stands at Rs 1,612.50 crore, up 0.3% YoY. Revenue from operations surges by 14.1% to Rs 37,440 crore in Q1FY24. EBITDA for Q1 reaches Rs 19,746 crore.

Overall customer base at the end of the quarter is 529 million across 16 countries. ARPU rises to Rs 200 in Q1FY24 from Rs 183 in Q1FY23, driven by quality customer acquisition and premiumization.

Airtel faces a one-time foreign-exchange loss of Rs 3,416 crore in Nigeria during the quarter. 4G data customers increased by 24.5 million YoY in Q1FY24.

Highest-ever postpaid net adds of 0.8 million in Q1FY24. Mobile data consumption rises by 21.6% YoY with 21.1 GB per customer per month.

Home business sees 413K customer net additions, while digital TV customer base reaches 15.9 million in Q1FY24. Airtel rolls out 9.2k towers in Q1 to strengthen network coverage.

Gopal Vittal, MD of Bharti Airtel, highlights strong and competitive growth across all businesses. Airtel adds 5.6 million new 4G customers and achieves the highest-ever postpaid customers in a single quarter.

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