Bharti Airtel Q3 FY23: Profit spikes 91% at Rs 1,588 cr

Gurugram: Bharti Airtel Limited today on Februrary 7, 2023 announced its audited consolidated results for the third quarter ended December 31, 2022.

Company's Q3’23 Performance:
The consolidated revenues for Q3’23 at Rs 35,804 crore grew 19.9% YoY. Consolidated mobile data traffic at 13,625 PBs in the quarter with a healthy YoY growth of 23.7%. India revenues for Q3’23 at Rs 24,962 crore, increased by 19.4% YoY. Mobile revenues grew by 20.8% YoY on account of improved realisation as well as strong 4G customer additions during the year. ARPU for the quarter stood at Rs 193 as compared to Rs 163 in Q3’22 on the back of our continued focus on quality customers and premiumization.

The Consolidated Net Income before exceptional items for the quarter stands at Rs 1,994 crore. The Consolidated Net income after exceptional items grew by 91.5% YoY to Rs 1,588 crore. The Net Debt-EBITDA ratio (annualized) and including the impact of leases as on December 31, 2022 is at 2.82 times. 

In order to make staying connected easy, intuitive and compelling, Airtel has launched ‘Airtel World Pass’. The World Pass will revolutionize the experience for all international travel because one pack works seamlessly across 184 countries that will cover layover at an airport or travelling to two or more countries. 

The company Consolidated EBITDA increased 24.8% YoY to Rs 18,601 crore in Q3’23. This led to an improvement in EBITDA margin from 49.9% in Q3’22 to 52.0% in Q3’23 as we continue to focus on our War on Waste program to help fuel margin improvements.

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