Bharti Airtel Q3 net profit rises 91.5% to Rs 1,588 cr; ARPU up at Rs 193

Bharti Airtel’s consolidated net profit jumped 91.5 per cent year-on-year (YoY) to Rs 1,588 crore in the October-December quarter (third quarter, or Q3) of 2022-23, led by revenue growth and 4G customer addition.

In the same quarter last year, Airtel posted a net profit of Rs 830 crore. Net profit was, however, lower on a sequential basis due to higher operating expenses and licence fee-related provision of Rs 669 crore.

Airtel, which launched the commercial 5G services last October, saw a 19.9 per cent rise in its revenue to Rs 35,804 crore.

The average revenue per user (ARPU) grew 1.5 per cent sequentially and 18.4 per cent YoY to Rs 193.