Bharti Airtel on Thursday posted a profit of Rs 14,781.20 crore during the third quarter of FY25, reporting a growth of 505.24 per cent in comparison to Rs 2442.20 crore during the corresponding quarter of FY24. The telecom major recorded Q3 revenue from operations at Rs 45,129.30 crore, up 19.08 per cent as against Rs 37,899.50 crore reported during the third quarter of previous financial year. The revenue growth was driven by strong underlying momentum in India, sustained constant currency growth in Africa and Indus Tower Ltd consolidation effective November 19, 2024. The company EBITDA stood at Rs 24,596.6 crore. Bharti Airtel reported an exceptional gain of Rs 7545.6 crore, primarily due to consolidation of Indus Towers.
The company reported industry leading ARPU growth to reach Rs 245 compared to Rs 208 in Q3FY24.
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Gopal Vittal, Vice-Chairman and MD, said, “We delivered another consistent quarter with consolidated revenue of 45,129 crores. Indus Towers consolidation is effective this quarter. India revenue (excluding Indus) grew by 4.8 per cent sequentially. Africa maintained strong constant currency sequential growth trajectory of 5.6 per cent. India mobile delivered strong performance led by residual flow-through of tariff repair and underlying levers of premiumization.”
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“We added 6.5 million smartphone users underpinned by our focus on acquiring quality customers and portfolio premiumization. Homes business saw further step up in customer additions with acceleration of FWA expansion. Airtel Business delivered stable performance but continues to remain challenged. We are in the middle of comprehensive re-tooling of our Airtel Business portfolio by stepping-up investments in digital services across Cloud, Security and IoT while shedding very low margin commodity voice and wholesale business. This is likely to impact the top line of this business in the coming quarters but will have an insignificant impact on the margins,” Gopal Vittal added.
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