Telecom major Bharti Airtel on Monday reported 466 per cent surge year-on-year rise in consolidated net profit at Rs 1,607 crore for the quarter ended 30 June, 2022, mainly boosted by recent subscriber count. The telco had reported a profit of Rs 283.50 crore in the year-ago period.
The company’s consolidated revenue from operations rose to Rs 32,805 crore for the quarter ended June 30, from Rs 26,854 crore in the same period last year, backed by strong and consistent performance delivery across the portfolio, according to a regulatory filing.
The company’s average revenue per user (ARPU) also improved to Rs 183 per user in Q1FY23 versus Rs 146 in Q1FY22.
Moreover, its consolidated earnings before interest, taxes, depreciation, and amortization, or EBITDA increased 25.9 per cent to Rs 16,604 crore, while its EBITDA margin rose 150 bps YoY to 50.6 per cent, Airtel added.
The…
