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Bharti Airtel has released its audited consolidated financial results for quarter ended (QE) September 30, 2024.
As per the company, its total revenue stood at Rs 414.73 billion in the second quarter (Q2) of financial year 2024-2025 (FY25) as compared to Rs 370.44 billion in Q2 FY24, recording a 12 per cent year-on-year (YoY) growth. This was driven by strong momentum in India and growth in constant currency in Africa.
Meanwhile, the company’s earnings before tax, interest, depreciation and amortisation stood (EBITDA) at Rs 220.21 billion as compared to Rs 196.65 billion in the corresponding reporting period last year, showing a 12 per cent YoY growth, with an EBITDA margin of 53.1 per cent.
Further, the telco’s EBIT amounted to Rs 109.96 billion against Rs 99.29 billion in Q2 FY25, registering a 10.7 per cent YoY growth. Airtel’s profit before tax (PBT) increased to Rs 67.51 billion from Rs 55.1 billion in the corresponding quarter last year, increasing by 22.5 per cent YoY. Its net income increased to Rs 35.93 billion from Rs 13.41 billion showing a 168 per cent YoY in the same period.
Commenting on the report, Gopal Vittal, managing director, Airtel, said, “We delivered another quarter of solid performance, with India revenue growing 8.7 per cent sequentially. Africa maintained strong revenue growth momentum as well with 7.7 per cent constant currency growth. The flow thru of tariff repair is in-line with our expectation on average revenue per user (ARPU) increase and SIM consolidation. We reported industry leading ARPU of Rs 233. Our focus on winning quality customers and driving premiumisation has helped us add 4.2 million smartphone customers. We continue to expand our Wi-Fi coverage with fixed wireless access (FWA) offerings to over 2,000 cities. We continue to invest in our digital businesses to diversify portfolio strength and drive long term growth. Airtel also continues to invest in a future ready digital network to deliver brilliant customer experience – we launched India’s first AI-powered, network-based spam detection solution to solve the endemic problem of spam calls and messages. Our 5G network has once again received validation from Open signal – Airtel was awarded all the five awards on 5G network experience.”
