Increase in ARPU, 4G user additions drive Bharti Airtel's performance in September quarter

1 Nov 2022 , 09:28 AM

In the second quarter (Q2) of 2022—23, Bharti Airtel’s (Airtel’s) consolidated net profit increased 89.1% year over year (YoY) to Rs2,145 crore, driven by strong revenue growth and 4G user additions, the firm reported on Monday.

Airtel has already experienced eight straight profitable quarters and is currently testing the 5G service in beta in eight cities throughout the country. Over 501 million customers now use the company’s services in 16 nations.

During the reviewed quarter, Airtel’s consolidated revenue from operations increased 22% YoY to Rs34,527 crore. Its second-quarter revenue in India was Rs24,333 crore, up 22.3% year over year. Meanwhile, due to better realizations, mobile revenue increased by 24.8%. In Q2, its average revenue per user (ARPU) increased by more than 24% year over year to Rs190.

While the company’s revenue growth initially benefited from the 20% telecommunications companies’ rate increase in November 2021, its subsequent concentration on snatching the 4G market has increased revenues even more.

In the 4G space, Airtel kept expanding its share of the market. 17.8 million new 4G users were added in Q2. Currently, 64% of its user base consists of 4G users. In comparison to 19.5 GB in the previous quarter, the average monthly data usage per customer increased to 20.3 GB.

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