Bharti Airtel Q1 Results: Profit flat at Rs 1,612 crore; misses St estimates; ARPU rises to Rs 200

Telecom major Bharti Airtel on Thursday reported a consolidated net profit of Rs 1,612 crore for the quarter ended June 2023, almost flat when compared with Rs 1,607 crore in the last-year period. The profit figure was way below the ET Now poll estimate of Rs 2,861 crore.

Revenue from operations during the quarter rose 14% year-on-year to Rs 37,440 crore. The company reported 19% growth in its consolidated EBITDA at Rs 19,746 crore. EBITDA margins improved 271 basis points year-on-year to 53.7%.