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Bharti Airtel Announces Its Q2 Result

On October 31, telecom giant Bharti Airtel announced its second-quarter result for FY23, which became the focus of shareholders, analysts, and the media. 

Bharti Airtel’s consolidated net profit increased by a remarkable 465.81% to ₹1,606.9 crore during the first quarter of the fiscal year 23 (FY23), as opposed to the company’s profit of ₹284 crore during the same time period in the previous fiscal year. In the first quarter of fiscal year 2023, the company’s revenue from operations was ₹32,805 crore, representing a 22% increase over the previous year’s Q1 total of ₹26,854 crore. The EBITDA was calculated to be ₹16,604 crore, while the EBITDA margins were calculated to be 50.6%.

It is expected that Airtel will post another gain in its profitability that is triple-digit in percentage terms for the quarter that covers July to September 2022. Because of the positive impact of currency movements on performance in African businesses, the company’s revenue is expected to continue to be strong. The average revenue per user (ARPU) is forecasted to climb even more, while the client base can witness a little expansion. There is potential for an increase in EBITDA margins overall.

In their Q2 preview report, ICICI Direct analysts on Bharti Airtel said, “Reported ARPU is likely to be up 2% QoQ at ₹187 with the benefit of subscriber mix and higher number of days during the quarter. We expect a modest addition of 2 mn subs. Indian wireless revenues are expected to see 2.5% QoQ growth at ₹18,621 crore. India non-wireless revenues traction are expected to remain robust especially broadband and enterprise.”

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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