Mumbai: Telecom major Bharti Airtel has reported fourth quarter FY 2022 revenues of Rs 31,500 crore, up by 22.3 per cent year-on-year. The company’s consolidated net income stood at Rs 2,008 crore.
The company reported consolidated revenue of Rs 116,567 crore up by 20.2 per cent YoY and consolidated net income of Rs 4,255 crore.
The company’s India business posted quarterly revenues of Rs 22,500 crore, up 22.7 per cent YoY. The company’s mobile business grew by 25.1 percent on account of increase in average revenue per user (ARPU). The ARPU for the quarter stood at Rs 178 versus Rs 145 in the corresponding quarter last year.
The company added 21.5 million 4G customers in the last year and has surpassed over 200 million 4G customers. The average data usage per data customer stood at 18.8 Gbs/month and voice usage per customer stood at 1083 minutes. Its home business segment revenues grew by 45.8 per cent YoY and customer net additions grew by ~323K during the quarter to reach a base of 4.5 million. Its digital TV business had a customer base of 17.6 million at the end of the quarter. Airtel Business grew by 12.9 per cent YoY. Airtel reported 189 million monthly active users (MAUs) across its digital assets including Thanks, Mynk and Xstream.
“This has been another quarter to cap a full year of consistent and competitive performance across our portfolio,” said Bharti Airtel MD and CEO India and South Asia Gopal Vittal. “Our consolidated revenues for the quarter grew by 5.5 per cent and EBITDA margins expanded to 50.8 per cent, underscoring our focus on all round delivery. The mobile business revenues were up 9.5 per cent as we saw the full flow through of tariff increase. Airtel continues to have the highest ARPU at Rs 178. Our Homes and enterprise business continue to exhibit very strong growth momentum, reflecting the resilience of our overall portfolio. Our strong balance sheet and cash flows have enabled us to further repay some of our spectrum liabilities ahead of schedule and improve our leverage.”
He further said, “We continue to remain optimistic about the opportunities in the coming years and believe we are well poised as a company for three reasons. First, our ability to execute consistently to a simple strategy of winning with quality customers and delivering the best experience to them. Second, our future proofed business model with massive investments in both infrastructure and digital capabilities. Finally, our financial prudence backed by our strong governance focus.”