Bharti Airtel Q1 Results Highlights: Net profit rises 158% to ₹4,160 crore, revenue up 2.8%

Telecom operator Bharti Airtel reported 157.9% jump in its consolidated profit to ₹4159.9 crore in the first quarter ended on June 30, 2024, compared to the year-ago period.

The company posted a profit of ₹1,612.5 crore in the same period a year ago.

The consolidated revenue from operations of Bharti Airtel increased by 2.8 per cent to ₹38,506.4 crore during the reported quarter from ₹37,440 crore in the June quarter of the last year.

In a statement, Gopal Vittal, Managing Director and CEO said, "Q1 FY25 was yet another steady quarter with India revenue growing at 1.9% sequentially and sustained EBITDA margins expansion to 53.7%. Our stringent focus on driving cost efficiencies is reflected in strong operating leverage. Africa continues to deliver strong underlying constant currency revenue growth. India operations added 6.7 million smartphone customers and reported an improved ARPU of ₹211. Our postpaid strategy continues to yield results with 0.8 million net adds. During the quarter, we accelerated pace on FWA services expansion across key towns. Our Wifi services (FTTH and FWA) are now available in over 1,300 cities. Our digital portfolio is shaping up well and it is geared for accelerated growth to add strength to our already diversified portfolio."

He added, "In the recently concluded spectrum auction, we successfully renewed spectrum that was expiring in 6 circles and further bolstered our sub-giga hertz and mid-band holding in key circles by investing ₹6,857 Crores. The industry saw much needed action on tariff repair, which is positive for industry’s financial health amid ongoing large network capex. We continue to believe that industry needs over Rs 300 ARPU at the minimum for financial stability."

• Prepaid SIM
• Postpaid SIM
• Wi-Fi
• DTH
• Airtel Payments Bank
• Airtel Finance

• Gopal Vittal, Managing Director & CEO
• Soumen Ray, Chief Financial Officer
• Pankaj Tewari, Company Secretary

• Current price: ₹1,459.9 (-2.2%)
• Open: ₹1,482
• High: ₹1,488
• Low: ₹1,455.1

• Sunil Bharti Mittal- Chairman
• Gopal Vittal- Managing Director and CEO
• Douglas Anderson Baillie- Independent Director
• Justice (Retd.) Arjan Kumar Sikri- Independent Director
• Kimsuka Narasimhan- Independent Director
• Shyamal Mukherjee- Independent Director
• Nisaba Godrej- Independent Director
• Chua Sock Koong- Non Executive Director
• Tao Yih Arthur Lang- Non Executive Director
• Rakesh Bharti Mittal- Non Executive Director

• Current price: ₹1,480.1 (-0.9%)
• Open: ₹1,482
• High: ₹1,488
• Low: ₹1,462.2

Headquartered in India, Airtel is a global communications solutions major with over 500 million customers in 17 nations across South Asia and Africa. The company ranks amongst the top three mobile operators globally, and its networks cover over two billion people.