Bharti Airtel Sales Up 22% Year Over Year, Net Profit 165% in Q4FY22

Telecom service provider Bharti Airtel posted quarterly revenues of Rs 31,500 crore in Q4FY22, up 22.3 percent year on year.

The strong revenue growth was supported by strong and consistent performance across all portfolios.

The companies India the company posted quarterly sales of Rs 22,500 crore, up 22.7 percent year on year.

India’s mobile service revenues grew 25.1 percent year-on-year, mainly driven by the increase in average revenue per user (ARPU), largely due to the flow of tariff increases implemented at the end of 2021. ARPU increased to Rs 178 in Q4FY22 from Rs 145 in the same period of the previous fiscal year.

It reported a 165 percent growth in its consolidated net profit of Rs 2,008 crore in the said quarter, compared to Rs 759 crore in the same period a year ago.

In addition, digital TV continued to build its strong market position.

Furthermore, 4G customers grew 21.5 million year-over-year and 5.2 million quarter-on-quarter, surpassing the milestone of more than 200 million, which is 62 percent of the total customer base, Bharti airtel said in filing the exchanges.

It rolled out 7,000 additional towers in the quarter to provide ubiquitous connectivity and differentiated network experience.

“Airtel continues to have the highest ARPU of Rs 178. Our residential and corporate businesses continue to show very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to extend some of our spectrum further back liabilities to be paid ahead of schedule and improve our leverage,” said Gopal VitalMD and CEO, India and South Asia.

“We remain optimistic about the opportunities in the coming years and believe that we are well balanced as a company for three reasons.”

This, he said, was primarily the ability to consistently execute a simple strategy to win over quality customers and provide them with the best experience.

Second, the future-proof business model with massive investments in both infrastructure and digital capabilities, and finally, the financial prudence supported by the strong focus on governance.


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