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Airtel Q3 net profit rises 54% to Rs 2,442 crore

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Airtel Q3 net profit rises 54% to Rs 2,442 crore

New Delhi, Feb 5 (IANS) Telecom major Bharti Airtel Ltd on Monday reported a 54% jump in consolidated net profit at Rs 2,442 crore for the October-December quarter of the financial year current

The company’s consolidated revenue from operations rose 6 percent to Rs 37.9 billion in the quarter from Rs 35.804 billion in the same period last year. Revenue was partially impacted by currency devaluation in Africa, the company said in an exchange filing.

Airtel’s average revenue per user (ARPU) increased marginally to Rs 208 in 3Q24 compared to Rs 203 in 2Q24.

Airtel’s India revenue grew 11.4% y-o-y to Rs 27,811 crore in 3Q14.

The company’s subscribers increased to 34.56 million customers as of December 31, 2023 from 33.22 million in the corresponding quarter last year, an increase of 4% year-on-year.

Data customers in the 4G and 5G segments stood at 24.5 million, up by 74 lakh QoQ and 2.82 lakh YoY, the company said in an exchange filing.

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— IANS

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