Airtel: Many people think that the telecom sector has lost its former glory. But there are those who believe that the technology is breaking new ground, bringing opportunities and shining brightly. If you look at the profits released by the leading telecom operator Bharti Airtel, this does not seem to be true. Compared to last year, the company has registered a profit of more than 90 percent.
Huge Profits: Bharti Airtel announced the results for the third quarter ended December on Tuesday. Compared to last year, the net profit increased by 91.5 percent to Rs. 1,588 crores has been revealed. It is said that this is possible due to the growth of competitiveness in the business. In the third quarter alone, the company said in a statement that the total revenue increased by nearly 20 percent to Rs 35,804 crore. The consolidated net income was Rs 1,994 crore, an increase of 147 percent compared to the previous year.
Targeted customer base..
Gopal Vittal, Managing Director, Bharti Airtel said that the company has achieved consistent and competitive growth in its businesses for another quarter. We have expanded EBITDA margin to 52 percent with 3.7 percent revenue growth. Aimed at attracting quality customers, we achieved a 4G customer base of 6.4 million. Thus, we have taken the top spot in the telecom industry with the highest ARPU (Average Revenue Per User) of Rs.193.
Cost of Capital-Free Cash Flow: In India, Bharti Airtel’s revenue rose 19 percent to Rs 24,961.5 crore in the December quarter of 2022. Compared to the same time last year, the company’s capital expenditure also increased by 52 percent from Rs.6,101 crore to Rs.9,313 crore. This increase is due to the expansion of 5G network in India. Vittal said the 12 percent decline in free cash flow was due to increased capital expenditure.
Good growth in subscriber base:
Compared to Rs.163 in December 2021, the mobile ARPU in India has increased to Rs.193 by the end of 2022. ARPU for the September quarter of 2022 was Rs.190. The company’s total customer base reached 51 crore with a growth of 5.8 percent in its global customer base, including 36.92 crore customers in the country. Airtel’s mobile subscriber base in India grew by 2.9 percent year-on-year to 33.22 crore, including 1.8 crore postpaid customers. MD disclosed that 5G facilities will be provided to cover all towns and key rural areas by March 2024.