Airtel Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The revenue stood at                   ₹ 37,044 Cr · Net profit for Q2 FY’24 stood at     ₹ 1,341 Cr · Revenues of the Indian side of the business stood at ₹26,995 Cr, a rise of 10.9% YoY

Performance Highlights

· The revenue grew 7.3% YoY · The Profit after tax (PAT) saw a massive decline of 37.5% YoY · The EBITDA of the company stood at ₹ 19,665 Cr, with an EBITDA margin of 53.1%

Airtel's Q2 Success

27.2M 4G/5G customers, highest postpaid additions, ARPU grew to Rs. 203 from Rs. 190 YoY, increased data consumption, and Airtel Xstream AirFiber launch.

Raising the Bar - Business in Africa

Sturdy 19% Revenue Growth, 49.6% EBITDA Margin, ₹1,419 Cr Capex, and 147.7M Strong Customer Base.