Bharti Airtel’s Q4 profit slumps 31%, but ARPU sees a sharp rise

The telco's revenue and profit numbers for the March quarter were dented by the devaluation of African currencies, mainly the Nigerian naira.

On Tuesday, Bharti Airtel reported a 31% year-on-year drop in consolidated net profit for the January-March quarter to Rs 2,072 crore. 

The telco’s consolidated revenue increased a mere 4.4% year-on-year to Rs 37,599 crore, impacted by the devaluation of African currencies—particularly the Nigerian naira, the company noted in the exchange filing.

While revenue figures met estimates, the net profit fell short. According to Moneycontrol, analysts had projected the company’s net profit to be between Rs 2,201-5,309 crore.

Specifically, Bharti Airtel's India revenues for the March quarter rose 13% to Rs 28,513 crore, compared to the year-ago period. The telco's …

Author

Ujjaini Dutta

Ujjaini writes for Yesterday at The Morning Context. She joins us from MEA WorldWide, where she worked as a sub-editor, and has previously worked as an editorial intern at The Wire’s LiveWire. Ujjaini published her debut novel—Manik-er Khata—in 2022.

Writer

ujjaini@mailtmc.com

Delhi