Bharti Airtel Q3 Results: Profit up 53.8% on-year to Rs 2442.20 crore, ARPU rises to Rs 208

Bharti Airtel on Monday reported its third quarter profit for the financial year 2023-24 at Rs 2442.20 crore, up 53.8 per cent in comparison to Rs 1588.20 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 37,899.50 crore, up 5.9 per cent as against Rs 35,804.40 crore during the third quarter of FY23. Consolidated revenue growth was partially impacted by devaluation of African currencies during the period. The company EBITDA stood at Rs 20,044 crore, up 1.9 per cent on-year. The company’s average revenue per user (ARPU) increased to Rs 208 during the quarter as compared to Rs 193 in Q3FY23 driven by consistent strategy of acquiring high value customers and improved realizations.