Bharti Airtel Q4FY24 results: Net profit drops 31% to Rs 2,071 crore

Bharti Airtel’s net profit (attributable to owners) for the January-March quarter (Q4) of FY24 declined 31.1 per cent year-on-year (Y-o-Y) to Rs 2,071 crore, impacted by the devaluation of African currencies, particularly the Nigerian Naira. Sequentially, the profit fell 15.17 per cent from Rs 2,442.2 crore.

The telecom service provider saw its annual profits fall to Rs 7,460 crore in FY24, down from Rs 8,345 crore in FY23.

While strong 4G and 5G customer additions continued, the consolidated revenue from operations came in at Rs 37,599 crore in Q4, a 4.41 per cent Y-o-Y jump. Other income in the quarter under review stood at Rs 316.9 crore.