Bharti Airtel Q3 net profit surges 91.5% to ₹1,588 cr
The Hindu
Total revenue rose nearly 20% year-on-year to ₹35,804 crore in the December quarter (Q3FY23) "backed by strong and consistent performance delivery across the portfolio"
Telecom operator Bharti Airtel on Tuesday reported a 91.5% year-on-year rise in consolidated net profit to ₹1,588 crore for the October-December quarter of 2022-23.
Total revenue rose nearly 20% year-on-year to ₹35,804 crore in the December quarter (Q3FY23) "backed by strong and consistent performance delivery across the portfolio", the company said in a statement.
Its consolidated net income (after exceptional items) stood at ₹1,588 crore for the just ended quarter, translating into an increase of 91.5% year-on-year. The consolidated net income (before exceptional items) at ₹1,994 crore, was up by 147% year-on-year, it added.
Bharti Airtel Managing Director Gopal Vittal said the company delivered another quarter of consistent and competitive growth across businesses.
"Revenue grew sequentially by 3.7%, while EBITDA margin expanded to 52%. Our strategy of winning quality customers has helped us add 6.4 million 4G customers and exit the quarter with an industry leading ARPU of ₹193," Mr. Vittal said.
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