Bharti Airtel Q2 Results: Net Profit Surges 168% to ₹3,593 Crore, Revenue Grows by 12%

On Monday, Bharti Airtel reported a 168% increase in consolidated net profit for the quarter ending September 2024, reaching ₹3,593 crore, compared to ₹1,341 crore in the same quarter the previous year. The average revenue per user (ARPU) rose to ₹233 this quarter, up from ₹203 in Q2 FY24, marking a 15% year-over-year increase. 

Bharti Airtel Q2 Results Highlights

    • Revenue: ₹41,473 crore, up 12% over ₹37,044 crore.
    • Net Profit: 168% to ₹3,593 crore as against ₹1,341 crore posted in the year-ago period..
    • Net Income: ₹3,911 crore, up by 32.2% YoY.
    • EBITDA: Bharti Airtel stood at ₹10,996 crore while EBIT margin was reported at 26.5%, a decline of 29 bps YoY.
    • Segment: Strong momentum in India and sustained constant currency growth in Africa.

Bharti Airtel Management Commentary

In a statement, MD Gopal Vittal lauded the company's quarterly results calling it a "solid performance". "Africa maintained strong revenue growth momentum as well with 7.7% constant currency growth. The flow thru of tariff repair is in line with our expectation on ARPU increase and SIM consolidation. We reported an industry leading ARPU of ₹233. Our focus on winning quality customers and driving premiumisation has helped us add 4.2 million smartphone customers," Vittal said.

"We continue to expand our Wifi coverage with 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," the MD said.

About Bharti Airtel

Bharti Airtel Ltd. (Bharti Airtel) is a telecommunications service provider specializing in integrated communication solutions and mobile services. Its product offerings encompass high-speed 4G and 5G mobile broadband, Airtel Xstream Fiber, as well as digital payment and financial services. The company caters to both individual and enterprise clients, providing secure connectivity, cloud and data center services, cybersecurity, IoT solutions, and cloud-based communications. Bharti Airtel operates in multiple regions, including the United States, Europe, Africa, the Middle East, Asia-Pacific, India, and SAARC nations, with its headquarters located in New Delhi, India.