Bharti Airtel share price has reported a staggering 505% surge in net profit, reaching Rs.14,781 crore in Q3 FY2024, compared to Rs.2,299 crore in the same period last year. The sharp rise in profit is attributed to a one-time exceptional gain linked to the merger of Indus Towers with Bharti Hexacom.
Bharti Airtel share price Q3 Results: Net Profit Jumps 505% to Rs.14,781 Cr on One-Time Gain; ARPU Rises to Rs.245
Key Highlights:
- Revenue Growth: The company’s consolidated revenue rose to Rs.37,900 crore, driven by strong subscriber additions and premium service adoption.
- ARPU Growth: Airtel’s Average Revenue Per User (ARPU) increased to Rs.245, up from Rs.193 in Q3 FY2023, reflecting a focus on high-value customers and 5G monetization.
- Subscriber Base: The telco’s India mobile customer base reached 35.8 crore, with rising 4G and 5G adoption.
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CEO’s Statement:
Gopal Vittal, MD & CEO of Bharti Airtel, emphasized the company’s resilience and premium customer strategy, highlighting Airtel’s strong performance in both mobile and enterprise segments.
With 5G expansion, tariff adjustments, and strong digital services growth, Airtel is poised for sustained profitability in the coming quarters.
