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Business News/ Markets / Stock Markets/  Bharti Airtel Q4FY23 Results: Net profit up 89% sequentially, declares dividend
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Bharti Airtel Q4FY23 Results: Net profit up 89% sequentially, declares dividend

Bharti Airtel Q4FY23 Results: Telecom major Bharti Airtel's consolidated net profit surged 89% to ₹3005.6 crore for the fourth quarter ended 31 March, 2023.

Bharti Airtel Q4FY23: Telecom major reports Q4 earnings report card post market hours on Tuesday. Premium
Bharti Airtel Q4FY23: Telecom major reports Q4 earnings report card post market hours on Tuesday.

Telecom major Bharti Airtel's consolidated net profit surged 89% quarter-on-quarter to 3,005.6 crore for the fourth quarter ended 31 March, 2023. It was 1,588.2 crore in Q3FY23. The consolidated revenue from operations was by marginally by 0.6% sequentially to 36,009.0 crore from 35,804.4 crore. Bharti Airtel share price closed at 787.85 apiece, down by 10.10 or 1.27% down on BSE.

The company's consolidated net profit for Q4FY23 rose 49.7% on year from 2,007.8 crore during the same period in the previous fiscal. The consolidated revenue from operations jumped 14.3% on year to 36,009.0 crore from 31,500.3 crore in Q4FY22 on the back of robust and consistent performance delivery across the portfolio.

In a filing with the exchange, the company said that the consolidated EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased by 17.6% year-on-year (YoY) to 18,807 crore in Q4FY23.

Airtel Q4 Preview: Revenue growth modest, swift mid-term growth

Due to the continuous emphasis on its War on Waste programme to promote cost optimisation, the EBITDA margin increased from 50.8% in the fourth quarter of 2022to 52.2% in the fourth quarter of 2023. The majority of companies maintained good EBITDA margins, with India seeing an increase from 50.8% to 53.1% in Q4FY23.

The mobile average revenue per user (ARPU) increased to 193 in Q4FY23 as against 178 in Q4FY22.

For FY23, the board has suggested a final dividend.“The board has considered and recommended a final dividend of 4 per fully paid-up equity share of face value 5 each and Re 1 per partly paid-up equity share of face value 5 each for the financial year 2022-23. The dividend is in proportion to the amount paid-up on each equity share of face value Rs. 5/- each," said the company in an exchange filing.

Bharti Airtel Q4 result: Firm announces dividend, details here

Gopal Vittal, the managing director, claims that this has been yet another successful quarter as they close out the fiscal year with a stronger portfolio.

"Our consolidated revenue grew sequentially by 0.6%, while EBITDA margin expanded to 52.2% despite there being two fewer days in the quarter. Our focus on acquiring quality customers has resulted in 7.4 million new 4G customers, as we exit the quarter with an industry leading ARPU of 193.

A simple strategy and our relentless focus on execution has ensured that we close the year with market share gains across all businesses. We are also pleased to see the increased velocity of our digital deliveries across all parts of our business. This has been due to our sustained focus on digital platforms and talent. We continue to ramp up our 5G roll out and expect to connect all major towns and key villages by the end of this year," said Vittal in a press release.

Bharti Airtel share price under pressure: Q4 earnings, dividend, here are key factors to know

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Published: 16 May 2023, 04:34 PM IST
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