BHARTI AIRTEL on Monday reported a 168% rise in its consolidated net profit to ₹3,593 crore for the quarter ending September 2024, up from ₹1,341 crore in the year-ago period.
The company also improved its average revenue per user (ARPU) by 15% to ₹233 in Q2FY25, compared to ₹203 in Q2FY24. Its consolidated revenues for the quarter were ₹41,473 crore, growing by 12.0% year-on-year and 7.7% quarter-on-quarter, driven by strong momentum in India and growth in constant currency in Africa.
Airtel's mobile revenue grew 18.5% YoY, led by tariff hike by the company in July 2024. The telco's consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) during the quarter were ₹22,021 crore, while the EBITDA margin was 53.1%.
However, the company's customer base in India decreased by 2 million in the latest quarter, ending at 407 million as of September-end.
This story is from the October 29, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 29, 2024 edition of The New Indian Express.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Rising and Falling Waves of Art
Jitha Kathikeyan pays tribute to the unparalleled works of art, their genres and themes, and the artists whose names won't wither away with time
The Voids of the Year
2024 had its share of heartbreaks too when the art world mourned the loss of its beloved artists.
Abu Dhabi announces an array of new destinations and festivals for 2025
As the New Year dawns, Abu Dhabi is ready to dazzle travelers with an extraordinary lineup of entertainment, sports and cultural experiences, making it the ultimate destination for the 2025 holiday season.
ONCE UPON A TIME!
Here's a look into how Aurangabad can become a unique and enriching New Year holiday getaway destination...
Heritage Transport Museum in Gurugram welcomes new exhibits
FOR travellers eager to dive into India's cultural and industrial history, the Heritage Transport Museum in Tauru-Gurugram is a must-visit destination.
From Melbourne with season's greetings
TRAVIS HEAD was running back and forth on one corner of the outfield at the Melbourne Cricket Ground.
Booming Bumrah
PACER, WHO BURST ONTO THE SCENE SIX YEARS AGO, HAS GOTTEN BETTER WITH TIME TO BECOME ONE OF THE MOST INFLUENTIAL BOWLERS OF HIS ERA
Where will India captain bat?
IT'S been a question that followed India captain Rohit Sharma from the moment he landed in Perth.
SA eye WTC final in 2-Test series vs Pak
SOUTH AFRICA will be eyeing a place in the World Test Championship final with an all-seam attack against Pakistan in the first Test, starting Thursday.
Coaching & playing: Twin role with purpose for badminton nat'l's finalists
SHUTTLERS Lokeshviswanathan and Naveen P's journey is a tale of perseverance, hard work and resourcefulness.
