Airtel Africa net profit doubles to $154 million in March quarter

Airtel Africa on Wednesday said its profit after tax (PAT) for the March 2021 quarter doubled to $154 million (over Rs 1,130 crore), helped by growth in key services like data and mobile money.

The underlying revenue for the fourth quarter ended March 31 stood at $1,038 million (about Rs 7,619 crore), rising 15.4 per cent year-on-year (YoY) on a reported currency basis.

In a statement, Airtel Africa said for the full year ended March 31, the reported revenue grew 14.2 per cent to $3,908 million (over $28,600 crore). “Growth was recorded across all regions — Nigeria up 21.9 per cent, East Africa up 23.5 per cent and Francophone Africa up 10 per cent; and across key services.