Airtel Africa net profit up 29% in Q3FY23; ARPU at $3.1

Bharti Airtel-owned Airtel Africa’s net profit attributable to owners rose 29.3% q-o-q to $172 million in the October-December quarter owing to fall in finance cost sequentially and higher revenues.

The company’s revenue from operation rose 3.2% q-o-q to $1.35 billion in the December quarter due to increase in consumer base, increase in voice and data consumption. On a year-on-year basis, both the company’s net profit and revenue rose 11% each.