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Airtel Africa books steady revenue, profit growth

12 May 2023

Airtel Africa – the African division of Indian telecoms group Bharti Airtel – has reported its financial results for the final quarter of its financial year and for the full year to 31 March 2023, registering increases in net profit of 2.8% and 5.2%, respectively.

For the full year the group booked turnover of USD5.26 billion, up from USD4.71 billion year-on-year, including increases in voice and data revenue of 5.6% and 17.2% to USD2.49 billion and USD1.79 billion. Underlying EBITDA rose by 11.4% to USD2.58 billion, whilst net profit improved by 5.2% to USD663 million. On a quarterly basis, total revenue grew by 9.7% y-o-y to USD1.34 billion, with turnover from voice service inching up by 1.2% to USD619 million whilst data revenue grew to USD469 million from USD397 million a year earlier. Underlying EBITDA grew to USD659 million from USD608 million, and net profit reached USD195 million, compared to USD190 million in the same period of 2022.

Airtel Africa counted a total of 140.0 million subscriptions across its markets at the end of March 2023, up from 128.4 million a year earlier. Of that total 54.6 million were data customers, compared to 46.7 million in March 2022. ARPU has remained unchanged at USD3.2, meanwhile.

India, Airtel Africa

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