Airtel books 22% uptick in turnover, profit reaches INR16bn

9 Aug 2022

Indian telecoms group Bharti Airtel has booked total revenue of INR328.05 billion (USD4.12 billion) for the three months to end-June 2022, an increase of 22.2% year-on-year which the company attributed to ‘strong and consistent performance delivery’ across its portfolio of services. This included revenue growth of 23.8% in its domestic market, driven by an uptick in ARPU, 4G subscriptions growth as well as a 15.2% increase in turnover from B2B services. Consolidated EBITDA for the group rose by 25.9% y-o-y to INR166.04 billion, whilst net profit for the period improved from INR2.84 billion to INR16.07 billion.

Commenting on the results, Airtel CEO Gopal Vittal was quoted as saying: ‘This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5% sequentially. EBITDA margins are now at 50.6%. Our enterprise and homes business has strong momentum and delivered strong double digit growth, improving the diversity of the overall portfolio. Airtel’s strategy of winning with quality customers continues to yield good results with an industry beating ARPU at INR183.’

In its domestic market, Airtel claimed a total of 327.3 million mobile subscriptions at the end of June 2022 – up from 312.2 million a year earlier – and of which 205.26 million were 4G accounts (184.4 million in June 2021). Mobile ARPU rose to INR183 from INR146 in the year-ago period, driven by tariff increases in late 2021. Fixed broadband subscriptions, meanwhile, rose by 43.0% y-o-y to 4.8 million, although ARPU dipped from INR681 to INR652.

India, Bharti Airtel