Bharti Airtel, a leading telecom operator in India and Africa, announced Capex, ARPU, 5G focus and revenue growth for the fourth quarter ended March 31, 2023.
Q4 fiscal 2023
Airtel’s total revenues grew 14.3 percent to Rs 36,009 crore for Q4 fiscal 2023.
Consolidated mobile data traffic rose 21.5 percent to 14,030 PBs.
Airtel’s India revenues increased 12.2 percent to Rs 25,250 crore in Q4.
Airtel India’s mobile revenues grew 11.5 percent on account of improved realization as well as strong 4G customer additions during the year.
Airtel has reported ARPU of Rs 193 as compared to Rs 178 in Q4’22 on the back of focus on acquiring quality customers and delivering enhanced customer experience.
Airtel has 35.6 million (including IoT) postpaid customers.
Airtel has added 23.3 million (+11.6 percent) 4G data customers to its mobile network over last year. Airtel’s 4G data customers represent 67 percent of overall mobile customer base. Airtel has added 404,000 broadband customers during the quarter to reach 6 million.
Airtel Business revenues rose 14.5 percent, backed by demand for data and connectivity related solutions as well as emerging competencies.
Airtel has reported consolidated EBITDA of Rs 18,807 crore with EBITDA margin of 52.2 percent (+144 bps).
Airtel India business posted EBITDA of Rs 13,403 crore with EBITDA margin of 53.1 percent (+225 bps).
Airtel has posted consolidated net income (before Exceptional items) at Rs 2,592 crore, up by 39.3 percent.
Airtel has rolled out additional ~12.5k towers in the quarter to strengthen network coverage and provide ubiquitous connectivity.
Airtel has a customer base of ~200 million across key digital assets – Thanks, Xstream and Wynk. There are ~1.2 million retailers transacting and making payments every day on Mitra App.
Airtel India MD Gopal Vittal said: “This has been another strong quarter as we end the fiscal year having further strengthened our portfolio. Our consolidated revenue grew sequentially by 0.6 percent, while EBITDA margin expanded to 52.2 percent despite there being two fewer days in the quarter.”