Bharti Airtel has released its consolidated financial results for the quarter ended (QE) June 2022. The operator posted a quarterly revenue of Rs 328.05 billion, registering a growth of 22.2 per cent on year-on-year (Y-o-Y) basis. The earnings before interest, tax, depreciation and amortisation (EBITDA) for the operator was reported at Rs 166.04 billion, witnessing a surge of 150 basis points (bps) on Y-o-Y basis.
With regard to its India business, the telco posted a revenue of Rs 233.19 billion for the reported quarter, witnessing a growth of 23.8 per cent on Y-o-Y basis. Airtel’s India business posted EBITDA of Rs 118.82 billion with EBITDA margin at 51.0 per cent, registering an overall growth of 170 bps on Y-o-Y basis. Meanwhile, the earnings before interest and tax (EBIT) margin for the operator stood at 19.6 per cent, observing a whopping growth of 424 bps on Y-o-Y basis. For the QE June 30, 2022, the customer base for Airtel in India stood at approximately 362 million. Besides, the capital expenditure (capex) spend for the quarter of Rs 52.88 billion was reported for the quarter.
Airtel rolled out additional 8,000 towers in the reported quarter in a bid to optimally augment its coverage. In addition, the operator garnered a strong share of the 4G customers in the market and added 20.8 million 4G customers to its network over last year, lodging a growth of 11.3 per cent on Y-o-Y basis. The average revenue per user (ARPU) for the telco continued to be profitable for Airtel with average data usage per mobile data customer at 19.5GB per month and voice usage per customer at 1,104 minutes per month.
Commenting on the financial results, Gopal Vittal, managing director and chief executive officer, Bharti Airtel, said, “This has been another solid quarter. We continue to deliver strong and sustained growth at 4.5 per cent sequentially. EBITDA margins are now at 50.6 per cent. 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 Rs 183. As India gets ready to launch 5G, we are well positioned to raise the bar on innovation. We are also confident of meeting the emerging needs of discerning customers looking for speed, coverage and latency. Our astute spectrum strategy over the last few years as we bolstered mid band spectrum is designed to deliver the best experience at the lowest total cost of ownership.”
